Question 46 2 pts At March 1, 2025, Blanchard, Inc. had supplies on hand of $2,000....
Question 2 At March 1, 2022, Kingbird, Inc. had supplies on hand of $2280. During the month, Kingbird, Inc. purchased supples of $3310 and used supplies of $3190. The March 31 balance sheet should report What balance in the supplies account? $3190 $2400 $3310 $2250
At March 1, 2022, Nash's Trading Post, LLC had supplies on hand of $1480. During the month, Nash's Trading Post, LLC purchased supplies of $2150 and used supplies of $2070. The March 31 balance sheet should report what balance in the supplies account? O $1480 O $2150 $1560 $2070
Current Attempt in Progress At March 1, 2018, Bonita Corp. had supplies on hand of $640. During the month, Minutemen purchased supplies of $1200 and used supplies of $1640. The March 31 adjusting journal entry should include a ООО credit to the supplies account for $640. debit to the supplies account for $1200. debit to the supplies account for $1640. credit to the supplies account for $1640.
On March 1, XYZ Company bought $150 worth of supplies. At the end of March, the company had used $100 of these supplies in the business. a) What amount of expense should the company record on the income statement during the month of March? b) What would be the balance in the supplies account on the balance sheet on March 31?
10) Repairs Co. began business on March 1. During their first month of operations, Repairs had the following transactions. March 1 Received $28,000 of cash and issued common stock to shareholders. March 5 Paid advertising expense of $1,000 in cash. March 9 Purchased land for cash of $11,500 and a $33,000 loan. March 10 Purchased $1,700 of supplies on account. March 19 Paid $800 on account. (ie, paid off accounts payable of $800) March 22 Borrowed $18,500 from the local...
Moore General Store purchased office supplies on account during the month of March for $5,000. Payment for the supplies will be made in April. On March 1, the balance in the supplies account was $350. On March 31, supplies on hand amounted to $310. What was the amount of supplies used during March? Select one: a. $40 x b. $310 C. $4,690 d. $5,040 e. $5,350
The following transactions affected Alpenrose Corporation’s merchandise inventory during the month of March 2016: March 1 — Inventory on hand — 3,000 units; cost $8.00 each. March 8 — Purchased 5,000 units for $8.20 each on account. March 14 — Sold 4,000 units for $14.00 each on account. March 18 — Purchased 6,000 units for $8.40 each on account. March 25 — Sold 2,000 units for $14.00 each on account. March 31 — Inventory on hand — 8,000 units. Assume...
Question 16 2 pts In 2025, Charleston Corporation had cash receipts of $35,000, including additional owner investments of $10,000, and cash disbursements of $20,000. Charleston purchased equipment of $12,000 on account. Charleston's cash balance at December 31, 2025 was $65,000. What was Charleston's January 1, 2025 cash balance? $85.000 $50,000 $80,000 $60,000
If Bojana Tax Services' office supplies account balance on March 1 was $400, the company purchased $550 of supplies during the month, and a physical count of supplies on hand at the end of March indicated $500 unused, what is the amount of the adjusting entry for office supplies on March 31? Multiple Choice $450 $550 $950 $400 $350
D | Question 18 2 pts The balance of Barkley Co's supplies account was $1,200 at the start of the accounting period. During the year Barkley made two purchases of supplies for $1,400 and $2,200. A physical count of the supplies on hand at the end of the accounting period showed that Barkley had $800 worth of supplies still on hand. For supplies, Barkley's financial statements for this period should include? Supplies of $3,600 on the Balance Sheet Supplies Expense...