Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Unadjusted trial balance Dr Cr adjustments Dr Cr Adjustment Trial Balance Dr Cr accounts receivable 40,000 Allowance Doubtful Acct. 2,000 Supplies on Hand 800 Utilities
Unadjusted trial balance Dr Cr | adjustments Dr Cr | Adjustment Trial Balance Dr Cr | |
accounts receivable | 40,000 | ||
Allowance Doubtful Acct. | 2,000 | ||
Supplies on Hand | 800 | ||
Utilities payable | (cr) 6,000 | ||
Notes Payable | (cr) 10,000 | ||
Bad Debt Expense | |||
Supplies Expense | 2,300 | (cr) 800 | |
Utilities expense | 8,000 | 1,000 |
49. if the adjustment shown for supplies expense is correct, what is the adjustment trial balance account for supplies on hand ?
a. 800
b. 1600
c. 2,400
d. 0
Step 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