User Account

All Pages

Determine the amount to be recorded as supplies expense

Assignment Help Accounting Basics
Reference no: EM131751466

Question - The balance in the office supplies account on June 1 was $4,644, supplies purchased during June were $2,870, and the supplies on hand at June 30 were $3,114. Determine the amount to be recorded as supplies expense for the June 30 adjusting entry.

Reference no: EM131751466

Questions Cloud

What is the impact of fixed cost on this decision : What is the impact of fixed cost on this decision. Would it be better to continue to operate and lesses the loss that is occurring
Ex-con speaking on business ethics : What do you think you could learn from an ex-con speaking on business ethics?
Discuss beginning of the process and conversions costs : direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include
Estimate the cost value of the inventory at the end of june : Gross margin on sales was 40%. Using the gross profit method, estimate the cost value of the inventory at the end of June
Determine the amount to be recorded as supplies expense : The balance in the office supplies account on June 1 was $4,644, Determine the amount to be recorded as supplies expense for the June 30 adjusting entry
How does webers theory relative to organizational structure : How does Weber's theory relative to organizational structure, division of labor, and roles apply to CPS?
Sample mean amount of nitrogen dispensed : Manufacturing and Product Development Vacuumpacked coffee stays fresh longer, but the package tends to be bumpy and unappealing. In a nitrogen-flushed package.
Calculate the dollar value of the ending inventory : Like New Express had 400 multi-function centers machines in stock at end of the year. Using average cost method of inventory pricing calculate dollar value
Concepts of change management : Briefly discuss the background of the organisation under investigation and analyse the situation or risk that needs to be resolved

Reviews

Write a Review

Accounting Basics Questions & Answers

  State and explain the purpose of major modules in quickbooks

State and explain the purpose of the major modules in QuickBooks. Discuss the concept of audit trails and show how they can be of benefit to an organization that has computerized AIS.

  Prepare a journal entries to record the transaction

Emmylou Company purchased 70 Harris Company 12%, 10 year. Prepare a journal entries to record the transaction described above.

  A new movie or televisionprogram on the basis

If you decide whether you want to see a new movie or televisionprogram on the basis of the "coming attractions" or televisioncommercial previews, are you using a sampling technique?A scientific sampling technique?

  Prepare the journal entries for the july transactions

The chart of account for Jerome Gelacio Pest Control is as follows: Prepare the journal entries for the July transactions.

  During february 400 units in process on february 1 were

homestyle soup co. uses a process cost system to record the costs of processing soup which requires the cooking and

  If necessary the company will borrow cash from a bank the

the carlquist company makes and sells a product called product k. each unit of product k sells for 32 dollars and has a

  What type of disciplinary action you would recommend

What type of disciplinary action you would recommend for employees who are discovered to be stealing inventory

  On july 1 2013 larkin co purchased a 430000 tract of land

on july 1 2013 larkin co. purchased a 430000 tract of land that is intended to be the site of a new office complex.

  Prepare a schedule that provides operating cash flows

Prepare a schedule that provides operating cash flows for the year 2012 using the direct method.

  Quarterly financial statements are prepared

Prepare an income statement and an owner's equity statement for the 3 months ending September 30 and a balance sheet at September 30.

  Effective interest rate on the loan

Knique Shoes issued a 100,000, 8 month, noninterest-bearing note. The loan was made by Second Commercial Bank whose stated discount rate is 9%. The effective interest rate on this loan (rounded) is:

  Companion computer company has been purchasing carrying

companion computer company has been purchasing carrying cases for its portablecomputers at a delivered cost of 68 per

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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