Answer:
$82,000
Explanation:
The computation of the current investment is shown below:
Current investment = Number of shares of common stock × price per share
= 2,000 shares × $41 per share
= $82,000
By multiplying the number of shares of common stock with the price per share we can get the current investment in the company
All other information which is given is not relevant. Hence, ignored it
Elementary educators have to be patient and careful with what, how, and where they teach. High School educators need to be strict about when, and how.
Answer:
$260,000
Explanation:
Opening balance = Ending balance - Increase in ending balance
=$66,000 - $10,000
=$56,000
Supplies Expenses = Opening balance + Purchases - Closing balance
=$56,000 + $270,000 - $66,000
=$336,000 - $66,000
=$260,000
Therefore, the amount that will be the adjusting entry to supplies expenses is $260,000
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