FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On December 1, Hayes Company purchased $3,000 of supplies. Hayes Company recorded the transaction by debiting Supplies and crediting Cash. By the end of the

image text in transcribed
On December 1, Hayes Company purchased $3,000 of supplies. Hayes Company recorded the transaction by debiting Supplies and crediting Cash. By the end of the calendar year, $2,130 of supplies remains. Required: Journalize the adjusting entry on December 31 Account Title

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors

Auditing Your Information Systems And IT Infrastructure Practical Audit Programs Checklists For Internal Auditors

Authors: Nwabueze Ohia

1st Edition

1973136260, 978-1973136262

More Books

Students also viewed these Accounting questions

Question

★★★★★
When a company has to restate its financial statements to correct an error, what information must the company disclose?

Answered: 1 week ago

Question

★★★★★
Respond to the questions in Consumer Insight 7-2.

Answered: 1 week ago

Question

★★★★★
13.12 Veggie-Burgers You have a hot grill and an empty hamburger bun, but you have sworn off greasy hamburgers. Would a meatless hamburger do? The data in the table record a flavour and texture score...

Answered: 1 week ago

Question

★★★★★
Enrique Rodrigues has $54,300 this year, as represented by point A. He has the opportunity to make an investment in productive assets represented by point B in the following figure. He wants to...

Answered: 1 week ago

Question

★★★★★
15% Written & Oral Presentation Develop an elevator pitch for one of the following: Job interview (DO NOT PITCH FOR THE ROLE OF A CALL CENTRE REPRESENTATIVE) Promote your product Introduce your...

Answered: 1 week ago

Question

★★★★★
1. You may need to use the appropriate appendix table or technology to answer this question. A group conducted a survey of 13,000 brides and grooms married in the United States and found that the...

Answered: 1 week ago

Question

★★★★★
Write Python code snippet to display n terms of the Fibonacci series using recursion.

Answered: 1 week ago

Question

★★★★★
Write the Python program to swap the two numbers without using intermediate /Temporary variables. Prompt the user for input.

Answered: 1 week ago

Question

★★★★★
Adens Corporation's relevant range of activity is 2,000 units to 6,000 units. When it produces and sells 4,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials...

Answered: 1 week ago

Question

★★★★★
Write a Python program to check an input number is prime or not.

Answered: 1 week ago

Question

★★★★★
Write a Python program that accepts a sentence and calculates the number of digits, uppercase, and lowercase letters.

Answered: 1 week ago

Question

★★★★★
Explain the reasons for the controversy over executive pay. page 482

Answered: 1 week ago

Question

★★★★★
Describe new developments in the design of pay structures. page 475

Answered: 1 week ago

Question

★★★★★
Describe the regulatory framework for employee compensation. page 483

Answered: 1 week ago

Previous Question Next Question