Question

Brandt Corporations office supplies account balance at the end of 2009 and 2010 was $110,000 and $150,000, respectively. DurCould you solve clearly? Thanks a lot!!

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Supplies Expense for the year

= Beginning inventory + Purchases - Ending inventory

75,000 = 110,000 + Purchases - 150,000

75,000 = Purchases - 40,000

Purchases = 75,000 + 40,000

= 115,000

Add a comment
Know the answer?
Add Answer to:
Could you solve clearly? Thanks a lot!! Brandt Corporation's office supplies account balance at the end...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Could you solve clearly? Thanks a lot!! Bullwinkle's Direct Material Inventory balance at the end of...

    Could you solve clearly? Thanks a lot!! Bullwinkle's Direct Material Inventory balance at the end of 2009 and 2010 was $200,000 and $350,000, respectively. During 2010, Bullwinkle transferred $700,00 winkle transferred $700,000 of direct materials to Work in Process Inventory. How many dollars of direct materials did Bullwinkle buy during 2010?! a. $150,000 b. $350,000 c. $550,000 d. $700,000 e. $850,000

  • Could you solve clearly? Thanks a lot!! Natasha Co.'s Work in Process Inventory balance at the...

    Could you solve clearly? Thanks a lot!! Natasha Co.'s Work in Process Inventory balance at the end of 2009 and 2010 was $200,000 and $150,000, respectively. During 2010, Natasha transferred $1,980,000 of completed products to finished goods. If $500,000 of direct labor and $300,000 overhead were added to Work in Progress Inventory during 2010, how many dollars of direct material was used in work in process? a $850,000 b. $1,130,000 c. $1,180,000 d. $1,230,000 e. Cannot be determined from the...

  • Could you solve clearly? Thanks a lot!! 12. Butler Corp.'s Retained Earnings balance at the end...

    Could you solve clearly? Thanks a lot!! 12. Butler Corp.'s Retained Earnings balance at the end of 2009 and 2010 was $435,000 and $573,000, respectively. During 2010, Butler's net income was $295,000. Both cash and stock dividends were declared and settled during 2010. The total stock dividend was $28,000. During 2010, how much cash did Butler use for dividends? a. $28,000 4350oo-573000 - - 136ooot: b. $129.000 S757.000 157ooo

  • Could you solve clearly? Thanks a lot!! 15. Joliet's 2009 and 2010 financial statements included the...

    Could you solve clearly? Thanks a lot!! 15. Joliet's 2009 and 2010 financial statements included the following data: 2009 2010 Accounts Receivable $ 150,000 $ 250,000 Inventory 150,000 195,000 Total Assets 946,000 878,000 Net Sales (all on credit) 2,000,000 2,200,000 Cost of Goods Sold 1,300,000 1,500,000 Assume a 360-day year for all calculations. a. b. What is Joliet's accounts receivable turnover ratio for 2010? 8.8 10.5 11.0 13.3 14.0 d. e.

  • Could you solve clearly? Thanks a lot!! G Corp. began 2010 with $2,000,000 in its equipment...

    Could you solve clearly? Thanks a lot!! G Corp. began 2010 with $2,000,000 in its equipment account. During 2010, G sold equipment with a historical cost of $300,000 at a $20,000 gain. At the end of 2010, G Corp. had a $3,300,000 balance in the equipment account. G bought new equipment during the year by signing a $200,000 note payable; the note and interest are due in 2011. In 2010, how much cash did G Corp. pay for equipment purchases?...

  • Could you solve clearly? Thanks a lot!! 10. Sami Co. had the following account balances at...

    Could you solve clearly? Thanks a lot!! 10. Sami Co. had the following account balances at the beginning and end of 2010: Jan. 1. 2010 Dec. 31. 2010 Buildings $1,300,000 $1,860,000 Accumulated Depreciation - Buildings 741,000 703,000 During 2010, Sami Co. sold a building that originally cost $200,000 for $22,000. The building had value of $25,000. What was the cost of the buildings purchased during 2010? a. $560,000 b. $585,000 c. $598,000 d. $760,000 e. none of the above 11....

  • Could you solve clearly? Thanks a lot!! er 31, 2010, balance 16. The following asset and...

    Could you solve clearly? Thanks a lot!! er 31, 2010, balance 16. The following asset and liability accounts are shown on Mason Store's December 31, 2010 sheet: $ 80,000 Accounts Receivable 30,000 Current Portion of Long-Term Debt Cash 35,000 6,000 Accounts Payable Allowance for Uncollectible Accounts 3,000 Equipment 28,000 Accumulated Depreciation - Equipment 6,000 Intangible Assets 20,000 Unearned Rent 10,000 Inventory 19,000 Bonds Payable (Long-Term) 20,000 و نه What is Mason's quick ratio at December 31, 2010? 1.70 2.00 2.43...

  • Could you solve clearly? Thanks a lot!! 1 July 1, 2010, Studemont purchased a delivery truck...

    Could you solve clearly? Thanks a lot!! 1 July 1, 2010, Studemont purchased a delivery truck for $50,000. The truck has a $10,000 salvage value and a 160,000-mile estimated useful life. Studemont uses the units-of-production depreciation method. Studemont drove the truck 20.000 and 50,000 miles during 2010 and 2011, respectively. What is the balance in Studemont's Accumulated Depreciation account relative to delivery truck at December 31, 2011? a. $ 5,000 b. $12,500 $15,000 $17,500 e. $21,875

  • Could you solve clearly? Thanks a lot!! 2. In 2010, Printext estimates that for every two...

    Could you solve clearly? Thanks a lot!! 2. In 2010, Printext estimates that for every two printers sold, the company will sell six ink cartridges. The products have a 2:6 ratio. Fixed production costs are $150,000 and fixed selling costs are $50,000. Printext's selling prices and variable expenses information are as follows: Printers Ink Cartridges Per Unit Per Unit Selling price $80 $20 Variable expenses 27 11 How many printers must be sold to break even? a. 1,250 b. 1,875...

  • Could you solve clearly? Thanks a lot!! Glenrose Co. introduced a high-quality leather briefcase in 2010....

    Could you solve clearly? Thanks a lot!! Glenrose Co. introduced a high-quality leather briefcase in 2010. The company provides a three-year warranty on the products and estimates that 1% of the briefcases sold will need to be repaired in Year 1. 3% in Year 2, and 4% in Year 3. The average expected repair cost per briefcase is $60. During 2010. the company sold 50,000 briefcases and spent $17,500 for repairs. Related to these briefcases, Glenrose a. does not need...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT