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

Question

1 Approved Answer

On December 31, the trial balance of Delicious Catering Cotporation shows a 51,000 balance in the Supplies account. However, a physicat count of the supplies

image text in transcribed
On December 31, the trial balance of Delicious Catering Cotporation shows a 51,000 balance in the Supplies account. However, a physicat count of the supplies determined that only $350 of supplies actually remain in the supply cabinet. Select the adjusting entry mader on December 31, to record the amount of supplies that had been used during the year. Mulniple Choice

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

International Financial Accounting And Reporting

International Financial Accounting And Reporting

Authors: Ciaran Connolly

2nd Edition

0903854724, 978-0903854726

More Books

Students also viewed these Accounting questions

Question

★★★★★
The following payroll liability accounts are included in the ledger of Stockbridge Company on January 1, 2014. FICA Taxes Payable .............. $ 662.20 Federal Income Taxes Payable .............

Answered: 1 week ago

Question

★★★★★
What is the difference between binary and general semaphores?

Answered: 1 week ago

Question

★★★★★
8. An unbiased die is successively rolled. Let X and Y denote, respectively, the number of rolls necessary to obtain a six and a five. Find (a) E[X], (b) E[X|Y = 1], (c) E[X|Y = 5].

Answered: 1 week ago

Question

★★★★★
Label each of the following accounts as an asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongsincome statement...

Answered: 1 week ago

Question

★★★★★
Dale Baker, the owner of a small private landscaping company, asked Sally Tao, a professional accountant, to conduct an audit of the company. The landscaping company has a December 31 year end. Baker...

Answered: 1 week ago

Question

★★★★★
If beginning inventory is 21,800 purchases are 155,600 and ending inventory is 32,700 what is the cost of good sold as to term by the cost of good sold model

Answered: 1 week ago

Question

★★★★★
What is the speedup of the basic pipeline (with branch predictions) shown in the Introduc- tion slides (Tsequential / Tpipelined) if 1/5 of all instructions are conditional branches and 4/5 of them...

Answered: 1 week ago

Question

★★★★★
3.You borrow $10,000 from Friendly Finance for four years with quarterly payments keyed to a 10% interest rate.$1,000 interest each year plus $10,000 equals $14,000.Spread over 4 years this loan...

Answered: 1 week ago

Question

★★★★★
reword Chaukhats should be seasoned teak wood. Shutters should be teaked wood 4.3cm thick penelled and partly glazed as required with additional wire gauge shutters. Allfitting should be brass. Doors...

Answered: 1 week ago

Question

★★★★★
A town has a water treatment plant with capacity to handle 253 gigalitres per year. The current demand for water per year is 210 gigalitres. However, this seems to fluctuate over time with an annual...

Answered: 1 week ago

Question

★★★★★
Determine miller indices of plane X z 2/3 90% a/3

Answered: 1 week ago

Question

★★★★★
=+would you avoid a bank that received negative press coverage because of an ethical or CSR transgression?

Answered: 1 week ago

Question

★★★★★
=+3. How did you choose where to open your main bank account? Would you ever choose a bank based on its CSR performance? Alternatively,

Answered: 1 week ago

Question

★★★★★
=+4. Go to the Equator Principles Web site (http://www.equatorprinciples.com/). Is it naive to expect huge financial organizations to aspire and adhere to the values and principles contained within...

Answered: 1 week ago

Previous Question Next Question