If you are looking for the adjusting entry at the end of the year, it would be:
Office Supplies Expense 5000 Office Supplies 5000
The amount to be recorded is 5000 because:
Beginning supplies is $240
Then there is an additional supplies $5,200
So there is a total of 5,440 supplies.
But the ending inventory is $440.
Deduct the $440 from the $5440 which will give us $5,000. This is to make sure that the amount in the journal entry at the end of the year will be same with the physical count of the supplies.
Answer:
yes I agree
Explanation:
<em>because</em><em> </em><em>different</em><em> </em><em>organizations</em><em> </em><em>manufacture </em><em>or </em><em>provide </em><em>different</em><em> </em><em>goods </em><em>and </em><em>services</em><em> </em><em>so </em><em>it's </em><em>not </em><em>possible</em><em> </em><em>for </em><em>them </em><em>to </em><em>have </em><em>the </em><em>same </em><em>planning</em><em> </em><em>practices </em><em>take </em><em>for instance</em><em> </em><em>an </em><em>organization</em><em> </em><em>that </em><em>deals </em><em>with</em><em> </em><em>the </em><em>provision </em><em>of </em><em>food </em><em>to </em><em>refugees</em><em> </em><em>and </em><em>an </em><em>organization</em><em> </em><em>that</em><em> </em><em>deals </em><em>with </em><em>the </em><em>manufacturing</em><em> </em><em>of </em><em>goods</em><em> </em><em>these </em><em>two </em><em>organizations</em><em> </em><em>will </em><em>plan </em><em>differently</em><em> </em><em>on </em><em>how </em><em>to </em><em>go </em><em>about </em><em>with </em><em>there </em><em>businesses</em><em>.</em>
<em>I </em><em>hope</em><em> this</em><em> helps</em>
<span> the number of persons killed in highway accidents in the u.s.a. in 2016 was: 40,000The number of this deaths has been increased for about 6% compared to the previous year. This makes 2016 so far became the deadliest year in term of highway accidents</span>
Answer:
$3443.86
Explanation:
a=p(1+r/n)^nt
a=2450(1+.0525/12)^12*6.5
3443.86
Answer:
b. All collections for sales are received immediately upon making the sales.
Explanation:
Internal control, regarded as a process used in assuring objective of an organization in operational effectiveness as well as efficiency and reliable financial reporting, it is also used in assuring of compliance with laws as well as regulations and policies. Generally, internal control can be described as everything which is able to controls risks to an organization. It is a way the
resources of an organization are been
measured as well as been directed and monitored.
It should be noted that Internal control procedures for cash receipts require that:.
✓Custody over cash is kept separate from its recordkeeping.
✓Clerks having access to cash in a cash register should not have access to the register tape or file.
✓An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.
✓Cash sales should be recorded on a cash register at the time of each sale
