Record the adjusting entry

Assignment Help Business Management
Reference no: EM131096367

When supplies are purchased they are recorded as an asset. An end of period stock-take (count) revealed a closing balance of $12,000. There was no opening balance and during the period $22,000 of supplies were purchased. Record the adjusting entry.

Reference no: EM131096367

Questions Cloud

Determining the alternate work arrangements : Various alternative work arrangements exist for use in businesses and other types of organizations; included among the options are compressed work weeks, flexible work schedules, telecommuting, and job sharing. This case focuses on alternative wor..
Find the current conversion rate for u.s. dollars : Display the answer. Each conversion should take place in its own method.
What are sales promotions : What are sales promotions? b) Describe the difference between trade orientated and consumer orientated sales promotions activities. Provide examples for these different types of promotion and c) discuss the major decisions that marketers must make..
Plan the logic for an insurance company''s premium : Modify Exercise 7a. so that the second method calls one of two additional methods-one that determines the health premium or one that determines the auto premium. The health insurance method asks users whether they smoke; the premium is $250 for sm..
Record the adjusting entry : When supplies are purchased they are recorded as an asset. An end of period stock-take (count) revealed a closing balance of $12,000. There was no opening balance and during the period $22,000 of supplies were purchased. Record the adjusting en..
Elements of the external and internal environment : 1. What elements of the external and internal environment do you think contributed to Facebook's success? 2. Which elements of the external and internal environment are beginning to create challenges for Facebook?
Compare the price level and level of output : Suppose that inverse demand is given by p(Q) = a-bQ, where Q is total quantity supplied in the market. There are two firms in the market, each with a cost function of c(q) = cq, now assume that the first firm moves before the second firm. Compare the..
How can this one trip to the market affect brian self-image : How can this one trip to the market affect Brian's self-image? What statements (truths) is Brian internalizing about himself?
Case study on taking credit : You are working as an intern and your supervisor has asked you to help a fellow intern with a big project.  You spend countless hours doing research and analyzing data.

Reviews

Write a Review

Business Management Questions & Answers

  Explain high-voltage electric transmission wire

Explain While adjusting a television antenna beside his mobile home and underneath a high-voltage electric transmission wire Prince received an electric shock resulting in personal injury

  Explain advertisers can then create a profile of you

Explain Advertisers can then create a profile of you based on your browsing behavior as well as store your browsing history as long as they like.

  Explain the differences and similarities of the types

Explain the differences and similarities of the types of invasion of privacy

  Step-wise answer to organizational behavior

"What is meant by group cohesiveness and identify threats that cannot be escaped without group collaboration?" Also explain the guidelines for managing team meetings.

  Cross a line between good management technique-manipulation

In utilizing leadership models and personality assessments, do project managers cross a line between good management technique and manipulation?

  Illustrate what are the sources of the advantage

Illustrate what are the sources of the advantage or disadvantage? Does eBay have a sustainable competitive advantage in the online auction industry?

  Where do you draw the line among taking care of the share

Where do you draw the line among taking care of the shareholders and corporate responsibility?

  Business leadership and management position

Find three concepts from your graduate course work that you found to be of significant value and explain how you plan to apply these concepts to your current position at work, a future position desired, or to your life.

  Enhance the corporate communication strategy

If communication competence is the key to organizational excellence, how would you encourage the members of an organization to become competent communicators to enhance the corporate communication strategy?

  What sort of business-level strategy should bjc pursue

What sort of business-level strategy should BJC pursue? Should it focus more on a cost leadership, no-frills model like the Wrangler or BJ models.

  Explain how can we improve in-season sales forecasting

Explain how can we improve in-season sales forecasting also develop a logistics system that is more responsive to demand also sales?

  How else would a trader recognize pricing estimates

How else would a trader recognize pricing estimates as inefficient with regards to Priceline's share movement today.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd