The general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.
<h3>How are office supplies on credit recorded?</h3>
Office supplies on credit means office supplies bought on credit by the firm.
In conclusion, the general journal entry made by First Rentals on purchase of office supplies on credit will include a Credit to Accounts Payable.
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<em>brainly.com/question/1347024</em>
Answer:
<em>any paid form of non-personal communication about an organization, product, service, or idea by an identified sponsor.</em>
Explanation:
Yes, it is very true that in advertising of a product or something, we have to pay and it is not a personal communication as well, it just advertises and promotes a particular thing which it is paid for and it also provide services to its customers who post their advertisement, and it is platform where new ideas are been generated by the sponsor of that particular advertisement.
Essay writing is given to students in order to test their writing and reading skills.
<h3>How to write an essay?</h3>
Based on the information given, the way to write the essay will be given. Firstly, it's important to decide on your topic. In this case, it is an essay analyzing the STEEPLE Module.
Research should be done on the topic and create an essay outline. STEEPLE stands for social, technological, economic, environmental, political, legal, and ethical. Set your argument in the introduction and develop it with evidence.
Finally, check the content, grammar, formatting, and spelling of your essay.
Learn more about essays on:
brainly.com/question/24799048
Answer:
(a) What was the total of accounts written off during the first 11 months?
bad debts written for the first 11 months = allowance for bad debt accounts January 1 balance + bad debt expense - allowance for bad debt accounts November 30 balance = $13,085 + $21,937 - $9,919 = $25,103
(b) As the result of a comprehensive analysis, it is determined that the December 31, 2010, balance of the Allowance for Bad Debts account should be $9,450. Show the adjustment required in the journal entry format.Allowance for bad debt Debit $Bad debt expenses Credit $
to determine the amount of bad debt expense that must be adjusted, we must subtract the estimated balance in December 31 from the balance in November 30 = $9,919 - $9,450 = $469. Since the November 30 amount is larger, it means that we over estimated our bad debt expense and it must be reduced:
Dr Allowance for doubtful accounts 469
Cr Accounts receivable 469
