Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hi tutor could you figure out why the answer is 2836? thank you very much When office supplies are purchased they are recorded as an
hi tutor could you figure out why the answer is 2836? thank you very much
When office supplies are purchased they are recorded as an expense. There was an opening balance of $1,610 and during the period 7,151 of supplies was purchased. An end of period stock-take (count) revealed a closing balance of $4,446 Required: Calculate the value of the adjusting entry. Record your answer to the nearest cent e.g $20,150.4546 should be recorded as 20150.45 Selected Answer: 4,315 Correct Answer: 2,836.00 t0.01Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started