Answer:
Office Supplies T-account
<u>Debit :</u>
Beginning Balance $600
Purchases $2,300
Totals $2,900
<u>Credit:</u>
Ending Balance $500
Used (<em>Balancing Figure</em>) $2,400
Totals $2,900
Adjusting Entry
Supplies Expenses $2,400 (debit)
Office Supplies $2,400 (credit)
Posting Entries.
1. Supplies Expense = $2,400 (Debit Balance)
2.Office Supplies = $500 (Debit Balance)
Explanation:
As the supplies are used during the period, recognize an expense : Supplies Expense and de-recognize the Office Supplies Asset account to the extend of the amount of inventory used during the period.
In other words we are taking out an expense (Increasing it) and decreasing an asset : Office Supplies.
<span>To find the potential increase, the equation would be the amount of excess reserves (or deposits multiplied by the reserve ratio) multiplied by (100 divided by the required ratio). In this case, that would be (35 - ($200M * 0.10)) * (100/10), or (35M - 20M) * (10). This would leave 15M * 10, or $150 million in potential increase in deposits for the entire banking system.</span>
Answer:
im not smart but i think its a short term lease
Explanation:
Answer:
B. to reflect usage of services on a fair and equitable basis
Explanation:
Base on the scenario been described in the question, all of the following except to reflect usage of services on a fair and equitable basis is not an objectives for computing full cost . This is because if we at the other options like to reflect production's "fair share" of costs , to instill a consideration of support costs, to provide for cost recovery, they all give objective for computing full cost.
Answer: $475
Explanation:
Gross pay is:
= Regular pay + Overtime
= (Regular hours * Regular pay) + ( Overtime hours * regular pay * time and a half)
= (10 * 40 hours) + ( (45 - 40 hours) * 10 * 1.5)
= 400 + 75
= $475