Answer:
d. An asset should be debited for $1,000 in November
Explanation:
The movement (change) between the opening and ending balance of the supplies account is dependent on two factors;level of purchases and quantity used. The equation showing the relationship is
Opening balance + purchases - quantity used = ending balance
6000 + 2000 - quantity used = 1000 (all amounts in $)
Quantity used = $7000
Considering the options
a. During November, the company used $7,000 of supplies - True
b. Supplies should be reported at $1,000 on the balance sheet - True
.c. An expense should be debited for $7,000 in November. - True
d. An asset should be debited for $1,000 in November - False
Asset would have been debited with the purchase for $2,000
The way that the client is going to benefit from the use of Accenture's block chain technology is that it would have high security and also ensure transparency.
<h3>What is block chain technology?</h3>
This is a digital ledger that is known to store transactions in a way that is connected to a peer to peer network.
The block chain technology is one that is secure and it is alo transparent to all on the network.
Read more on accenture here: brainly.com/question/2568288l
Answer: 4600
Explanation:
The number of deer that Concord can capture during 2020 will be calculated thus:
Let the number of deers that'll be captured be represented by x.
Based on the information given in the question, we can form an equal which will be:
Fixed cost + Variable cost = Total cost
10000 + 10x = 56000
10x = 56000 - 10000
10x = 46000
x = 46000/10
x = 4600
Therefore, 4600 deers can be captured
Answer:
A debit to Bonds Payable for $132,000
Explanation:
This is because The face value or face amount of a bond payable is the amount printed on the bond. We always record Bond Payable as the amount we have to pay back which is the face value or principal amount of the bond.