Answer and Explanation:
The adjusting entry is as follows:
Supplies expense Dr $2,200
To Supplies $2,200
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expenses and credited the supplies as it decreased the assets
The computation is
= Opening supplies + purchased - closing supplies
= $1,500 + $2,900 - $2,200
= $2,200
Answer:
In 1982, he decided he would commit to giving away his billions during his lifetime. He is broke now. Gave away and donated over $8million. His motto was "giving while living "
Explanation:
The answer is A. True
Well, basically all types of business organization need to follow a particular framework and provisions.
It help to prevent a future misconduct between partners, and to keep the company in the good side of the Law
Answer:
<em>It passes by probate to the deceased tenant's heirs.</em>
Explanation:
Probate is the legal process of handing over control of properties from the name of a deceased person to the names of recipients.
It also guarantees that creditors may make reimbursement demands from the estate of the deceased, and that final tax returns are filed, including a tax return on the estate if the estate is big enough.
True, usually the earlier you invest the more money you will get later down the road.
