A total of $3,650 in supplies was purchased during the year. At the end of the year $880 of the supplies were left. The adjusting entry needed at the end of the year is:
Multiple Choice
debit Supplies Expense $3,650; credit Supplies $3,650
debit Supplies Expense $2,770; credit Supplies $2,770
debit Supplies Expense $880; credit Supplies $880
debit Supplies $2,770; credit Supplies Expense $2,770
Answer is Debit Supplies expenses$ 2770; Credit Supplies $ 2770 | ||||||
Explanation: | ||||||
Supplies consumed = Purchase-Ending stock | ||||||
3650-880= 2770 | ||||||
A total of $3,650 in supplies was purchased during the year. At the end of the...
A total of $3,900 in supplies was purchased during the year. At the end of the year $980 of the supplies were left. The adjusting entry needed at the end of the year is: Multiple Choice debit Supplies Expense $3.900: credit Supplies $3,900 debit Supplies Expense $2,920credit Supplies $2.920 ООО debit Supplies Expense $980; credit Supplies $980 debit Supplies $2,920-credit Supplies Expense 52.920
A total of $3,900 in supplies was purchased during the year. At the end of the year $980 of the supplies were left. The adjusting entry needed at the end of the year is. Multiple Choice debit Supplies Expense $3,900, credit Supplies $3,900 O debit Supplies Expense $2.920, credit Supplies $2,920 O debit Supplies Expense $980; credit Supplies $980 debit Supplies $2.920. credit Supplies Expense $2.920
a total of $3450 in supplies was purchased during the year. At the end of the year $800 of the supplies were left. The adjusting entry needed at the end of the year is
A total of $4,100 in supplies was purchased during the year. At the endd of the year $1,060 of the supplies were left. The adjusting entry needed at the end of the year is:
A company started the year with $37494 in supplies. During the year, it purchased S111099 in supplies and these were charged to the supplies expense account. At year-end, there was $17194 in supplies remaining. The year-end adjusting entries will include the following entry to the supplies inventory account: Select one: a. $20300 cr. b. $131399 dr. C. $20300 dr. Cd. No adjusting entry is needed. Check
At the end of the month, the adjusting journal entry to record the use of supplies would include a debit to: Multiple Choice Supplies and a credit to Service Revenue. Supplies Expense and a credit to Supplies. Supplies and a credit to Cash. Supplies and a credit to Supplies Expense.
The balance in the supplies account before adjustment at the end of the year is $6.250. The proper adjusting entry if the amount of supplies on hand at the end of the year is $1,500 would be debit Supplies 51,500: credit Supplies Expense, 1,500 debit Supplies Expense. $1,500: Credit Supplies $1.500 debit Supplies Expense. 54.750: credit Supplies 54,750 debit Supplies, $4.750: credit Supplies Expense. 54.750
The balance in the supplies account, before adjustment at the end of the year is $725. The proper adjusting entry if the amount of supplies on hand at the end of the year is $300 would be debit Cash $300, credit Supplies $300 debit Supplies Expense $425, credit Supplies $425 debit Supplies Expense $300, credit Supplies $300 debit Supplies $425, credit Supplies Expense $425
18-20 18. Bill's Consulting Company purchased supplies costing $10,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of supplies revealed $2,000 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be a. Debit Supplies Expense, $10,000; Credit Supplies, $10,000 b. Debit Supplies, $10,000; Credit Supplies Expense, $10,000. C. Debit Supplies Expense, $8,000; Credit Supplies, $8,000. d. Debit Supplies, $8,000Credit Supplies Expense, $8,000....
On January 7, a corporation purchased supplies of $1,200. At the end of the month it was determined that the supplies at the end of the period was only $200. What is the ADJUSTING entry that should be recorded as a result of this information? Debit supplies; credit supplies expense Debit supplies expense; credit Supplies Debit accounts receivable; credit Supplies expense Debit supplies ; credit cash Adjusting journal entries are divided into two main categories. What are these called? Depreciation...