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KonstantinChe [14]
3 years ago
15

Thompson Company had $1,000 in office supplies at the beginning of the fiscal year. At the end of the fiscal year, Thompson Comp

any did an inventory of the office supplies and determined that $300 of supplies remained in the supply room unused. What is the amount of Supplies Expense at the end of the fiscal year?
Business
1 answer:
Shalnov [3]3 years ago
3 0

Answer: Amount of supplies expense = $700

Explanation:

Given the following :

Amount of supplies at the beginning of the year = $1000

Amount of supplies which remained unused = $300

Amount of supplies expense at the end of the fiscal year = Amount of used supplies

Amount of used supplies = (amount of supplies at beginning - amount of unused supplies)

Amount of used supplies = ($1000 - $300)

Amount of used supplies = $700

Therefore, amount of supplies expense = $700

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F brown lent us 4000 giving us the money by cheque show in journal entry​
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Answer:

see below

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This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.

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1-Communication is important to express oneself.

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Explanation:

Good communication also improves relationships, and in your personal life with friends and family members. Listening carefully and offering quality feedback helps people to feel heard and understood. This, in turn, nurtures mutual respect. Communication is important to express oneself. It also satisfies one's needs. One should have effective communication for advancement in the career. In your personal life, effective communication skills can smooth your way and your relationships with others by helping you to understand others, and to be understood. Communication not only conveys information, but it encourages effort, modifies attitudes, and stimulates thinking

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Every year the u.s. sugar industry, which is dominated by only a few firms, spends millions of dollars lobbying members of congr
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Victory Company uses weighted-average process costing to account for its production costs. Conversion cost is added evenly throu
Snezhnost [94]

Answer:

  • Direct materials = 880,000 units
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Explanation:

a. Direct materials

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EUP Direct materials = Finished goods + Closing EUP

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= Finished goods + Closing EUP

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