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OFFICIALLYSAVAGE2003
Answer:
A. $ 600
Explanation:
Computation of office supplies purchases during February
The formula for calculating the purchases is:
Opening Inventory + Purchases - Expenses = ending inventory Supplies
$ 800 + Purchases - $ 1000 = $ 400
By solving the equation, the purchase value is calculated at $ 600
Another approach is to see that the change in supplies inventory balance is a reduction of $ 400, The expenses of $ 1000 is contributed by a reduction in supplies of $ 400 and the remaining balancing amount of $ 600 is the purchases
These are both responsibilities that need to be fullfilled in order to keep a business running.
Answer:
No
Explanation:
The agreement has a period of 1 year then the rent can not increase before the whole first year has passed.
Answer:
The accounts receivable amount expected to be collected after adjustment is:
1382000
Explanation:
Account Receivable Allowance Net Receivable
Begining balance_________1510000_______91400____1418600
_____________________________36600___-36600
Ending balance___________1510000______128000____1382000
The accounts receivable amount expected to be collected after adjustment is:
1382000
