1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jenyasd209 [6]
3 years ago
8

The Ayayai Corp. purchased $7990 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inven

tory of the laundry supplies indicated only $1410 on hand. The adjusting entry that should be made by the company on June 30 is:______.a. debit Corp Supplies Expense, $2,000; credit Corp Supplies, $2,000.b. debit Corp Supplies, $4,500; credit Laundry Corp Expense, $4,500.c. debit Corp Supplies, $2,000; credit Laundry Corp Expense, $2,000.d. debit Corp Supplies Expense, $4,500; credit Corp Supplies, $4,500.
Business
1 answer:
sesenic [268]3 years ago
8 0

Explanation:

The adjusted journal entry is shown below:

Corp Laundry supplies Expense A/c Dr $6,580

       To Corp Laundry supplies A/c $6,580

(Being the corp supplies expense is recorded)

It is computed below:

= Purchased value of laundry supplies - still on hand

= $7,990 - $1,410

= $6,580

The answer is correct but The options that are given are incorrect.

You might be interested in
On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep
aleksley [76]

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

4 0
3 years ago
If the stock market was perfectly, efficient, which of the following would be true?
Allushta [10]

Answer: C) Stock prices would only change on unexpected news

Explanation:

If the stock market was perfectly efficient, it would mean that all known information is already reflected in the stock price. This includes both historical and current data.

For the stock price to change therefore, there would have to be unexpected news that are not already accounted for in the price and so will force it to react positively or negatively.

4 0
3 years ago
Why might a customer prefer a discount over a sweepstake?
yuradex [85]
D because a discount is an upfront guaranteed incentive
6 0
3 years ago
The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for ____________ .
velikii [3]
The answer that would best complete the given statement above would be the term CHILDREN. <span>The CAN-SPAM Act regulates the use of unsolicited ads that show mature content unsuitable for children. This is under the minor protection law. Hope this answers your question. Have a great day!</span>
8 0
3 years ago
Read 2 more answers
Beauty Products International happens to be located a few miles from a minimum security prison. To help released prisoners reint
tatyana61 [14]

Answer:

A employ sustainable business practices with regard to its employees and society.

Explanation:

Since in the question it is mentioned that for helping released prisoners they hired for the entry level jobs, resources are to be provides also at the same time they provides the training & education

So this represents that have business practices that are sustainable in nature with respect to the employees and society

Therefore the correct option is a.

4 0
3 years ago
Other questions:
  • Jamie received a bonus of $3,000. She decided to deposit the money in a savings account that earns 3.5% compounded daily for 180
    8·1 answer
  • Stacy, the HR manager of a bank, restricts her recruiting efforts for the post of loan officer to placing advertisements on the
    13·1 answer
  • Swan song is a spa that caters to the needs of small percentage of highly health conscious consumers. It offers state-of-the-art
    6·1 answer
  • Identify the careers that require a college degree and those that require technical training.
    15·1 answer
  • A consumer electronics company was formed to develop cell phones that run on or are recharged by fuel cells. The company purchas
    14·1 answer
  • Stan has a summer beach cottage that he has owned for many years. The cottage is valued at $ 125 comma 000. This​ year, Stan spe
    15·1 answer
  • On the morning of her presentation Claire finished her final site now three hours before her presentation she called her friend
    12·2 answers
  • An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum
    11·1 answer
  • If rita, as a consumer, has a complaint about the privacy and data practices of the social media company, rita can submit her co
    14·1 answer
  • Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!