Answer and Explanation:
The adjusting entry is as follows:
Supplies expense ($1,823 + $4,344 - $286) $5,881
To supplies payable $5,881
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities
Answer:
Clorox Company
multiple-step income statement.
Net sales $5,450
Less Cost of goods sold ($3,104)
Gross Profit $2346
Less Operating Expenses :
Selling and administrative expenses $ 715
Research and development expense $ 114
Advertising expense $499 ($1,328)
Operating Income $1018
Less Non Operating Expenses :
Income tax expense $276
Interest expense $161
Other expense $46 ($483)
Net income $535
Explanation:
The multiple-step income statement shows separately the income derived from primary activities (operating income) and secondary activities (net income)
According to follett, in a compromise neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too. Through its subsidiaries, the Westchester, Illinois-based Follett Corporation offers a range of educational products to schools, colleges, and public libraries.
The Charles M. Barnes established a secondhand bookshop in his Wheaton, Illinois, home in 1873, and that is how Follett Corporation was born. Three years later, Barnes relocated his company to Chicago and changed its name to C. M. Barnes & Company before setting up shop at 23 the LaSalle Street.
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Answer and Explanation:
c. appear in mature industries where demand is relatively constant and predictable
