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3 years ago

1. Supplies on hand are valued at $1,760.

Business

1 answer:

mojhsa [17]3 years ago

3 0

Answer:

Dr Supplies Expense $1,760

Cr Supplies $1,760

Dr Salaries and Wages Expense $550

Cr Salaries and Wages Payable $550

Dr Depreciation Expense $275

Cr Accumulated Depreciation Equipment $275

Dr Unearned Service Revenue $715

Cr Service Revenue $715

Explanation:

Preparation of the adjusting entries.

Dr Supplies Expense $1,760

Cr Supplies $1,760

Dr Salaries and Wages Expense $550

Cr Salaries and Wages Payable $550

Dr Depreciation Expense $275

Cr Accumulated Depreciation Equipment $275

Dr Unearned Service Revenue $715

Cr Service Revenue $715

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The depreciation for 2022 is calculated on pro rata basis from the date of purchase till December 31,2022.

Where as depreciation for 2023 is charged on full year basis as the asset was used for the whole year.

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Because she possesses these technical skills, Elizabeth can be considered a <u>"knowledge"</u> worker.

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Which element of a market economy is also used in a mixed economy?

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Explanation:

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Zytel Corporation produces cleaning compounds and solutions for industrial and household use. While most of its products are pro

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Answer:

4,513 approx.

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