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KatRina [158]
3 years ago
11

"during its first year of business, xyz inc. purchased $1,600 of supplies. by the end of the year, only $500 of supplies remain

in the supply cabinet. determine the amount to be reported in the supplies account in the adjusted trial balance section of the worksheet prepared on december 31."
Business
1 answer:
algol [13]3 years ago
6 0

The correct answer is $500.

An adjusted trail balance is prepared at the end of the accounting period. On this statement you will have what the value of the supplies in inventory is on the last day of the accounting cycle. In this example there are $500 worth of supplies left, which is why it is the correct answer.

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Most often, they must balance the needs of the stakeholders with the need to make profits
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December 31, Year 1, the Loudoun Corporation estimated that 3% of its credit sales of $112,500 would be uncollectible. Loudoun u
allochka39001 [22]

Answer:

A. NA = NA + NA NA -NA = NA NA NA

Explanation:

As Year 2 the customer paid Loudoun the $1,050,which was written off On April 4, Year 1.

Therefore, the following journal entries to record the transaction.

Accounts receivable                     debit $1,050

Allowance for doubtful accounts credit $1,050

To record reinstatement of accounts receivable.

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Accounts receivable credit $1,050

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7 0
3 years ago
Juan argued that bluegrass is the best food for cattle in the Midwest. Sammy objected by citing how the authorities at the U.S.
seropon [69]

Answer:

committed the fallacy of avoiding the issue.

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It occurs when an individual avoids dealing with an issue that he has a problem with.

In the given scenario the issue is whether bluegrass is better than Alfa Alfa for cattle in the Midwest.

Instead of Juan to address the issue he is arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill.

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8 0
3 years ago
se the following information to determine the break-even point in units (rounded to the nearest whole unit): Unit sales 60,000 U
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Answer:

30,154 units

Explanation:

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= (Fixed expenses) ÷ (Contribution margin per unit)

where,  

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= $15 - $8.5

= $6.5

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5 0
3 years ago
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Gemiola [76]

Answer Not claiming the instrument hes sending

Explanation:

4 0
2 years ago
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