The balance in the supplies account, before adjustment at the end of the year, is $5,175. Journalize
Question:
The balance in the supplies account, before adjustment at the end of the year, is $5,175. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $615.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
Supplies Ex...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The inventory at the end of the year was understated by $23,950. (a) Did the error cause an overstatement or an understatement of the gross profit for the year? (b) Which items on the balance sheet...
-
The inventory at the end of the year was understated by $8,750. (a) Did the error cause an overstatement or an understatement of the gross profit for the year? (b) Which items on the balance sheet at...
-
The inventory shrinkage at the end of the year was understated by $18,500. (a) Did the error cause an overstatement or an understatement of the gross profit for the year? (b) Which items on the...
-
There is a crop that the value p next month is random. The value can be either small p=1 or large P=3 depending on the weather. Half of people are optimists believing the value of the crop will be...
-
What does the acronym HIPPO refer to?
-
Ali plc owns premises from which it provides a PC repair and maintenance service. There is a downturn in demand for the service, and it would be possible for Ali plc to carry on the business from...
-
The Oasis Hotel is planning its cash payments for operations for the fourth quarter (October-December), 2003. The Accrued Expenses Payable balance on October 1 is \($136,000.\) The budgeted expenses...
-
Finn Fixes is a new charity that repairs donated cars for use by unemployed job seekers. Finn gets the cars for free from churches in the area. The churches collect the used cars from their...
-
The Cincinnati Chill Kitchen has just announced the repurchase of $195,000 of its stock. The company has 53,000 shares outstanding and earnings per share of $3.57. The company stock is currently...
-
We have the information shown below. Show the contents of the IP datagram header sent from the remote host to the home agent. Mobile host home address: 130.45.6.7/16 Mobile host care-of address:...
-
The balance in the prepaid insurance account, before adjustment at the end of the year, is $22,500. Journalize the adjusting entry required under each of the following alternatives for determining...
-
The balance in the unearned fees account, before adjustment at the end of the year, is $18,000. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $3,600.
-
_______ has effects on body tissues in general. a.ACTH b. TSH c. LH d. Growth hormone
-
Solve log 9(x+4) = log 2(6x). Do not include "x" in your answer. Provide your answer below:
-
Classify f ( x ) = e 3 x 3 + 2 x 2 + 2 as either algebraic or transcendental.
-
Infomatic Specialists Inc. (ISI), which develops software for the healthcare industry, was founded five years ago by Juan Benitez and Peggy Stark, who are still its sole shareholders. ISI has now...
-
Provide an introduction to the problem - describe your experience (or an experience you observed). Introduce the organizational behavior concept(s) you will be introducing as possible lenses in which...
-
Before the global pandemic, warehouses performed mainly a role of protection i.e. protection from the weather and potential pilferage. Fast forward to current times i.e post global pandemic, the...
-
The following data pertain to Sage Consulting. Sage provides advice on structural engineering for large projects such as stadiums and bridges. Clients seek Sage out because it has extensive contacts...
-
A local politician is concerned that a program for the homeless in her city is discriminating against blacks and other minorities. The following data were taken from a random sample of black and...
-
If a functional expense classification is used for the statement of comprehensive income, what must also be disclosed?
-
How is the term provision used differently under IFRS than under U.S. GAAP?
-
What are two main differences in inventory valuation under IFRS compared to U.S. GAAP?
-
Oberon, Incorporated has a $20 million (face value) 10-year bond issue selling for 97 percent of par that pays a annual coupon of 8.25 percent. What would be Oberon's before-tax component cost of...
-
Professor Wendy Smith has been offered the following opportunity: A law firm would like to retain her for an upfront payment of $49,000. In return, for the next year the firm would have access to...
-
AIAIIIIIAAAAA le professeur Dumbledore a les cheveux blancs parce qu'il est
Study smarter with the SolutionInn App