Question

How do you make an adjustment entry if... A count of office supplies reveals that $200...

How do you make an adjustment entry if...

A count of office supplies reveals that $200 of supplies are still on hand?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1A. At year end, a physical count of office supplies reveals that $3,000 of supplies were...
1A. At year end, a physical count of office supplies reveals that $3,000 of supplies were used up but no adjusting entry was made to account for this. If this error is found, it will most likely be because a. the trial balance would be out of balance by $3,000 b. the trial balance would be out of balance by $6,000 c. the trial balance would be out of balance by $1,500 d. none of the above 1B. If the...
The supplies adjustment records the office supplies used for the month. A co-worker asks you to...
The supplies adjustment records the office supplies used for the month. A co-worker asks you to record a larger supplies adjustment compared to what is leftover so the extra supplies can be used at a nonprofit organization. Would you do as your co-worker requests so the nonprofit organization can have these extra supplies? Why?
The supplies adjustment records the office supplies used for the month. A co-worker asks you to...
The supplies adjustment records the office supplies used for the month. A co-worker asks you to record a larger supplies adjustment compared to what is leftover so the extra supplies can be used at a nonprofit organization. Respond to the following in a minimum of 175 words: Would you do as your co-worker requests so the nonprofit organization can have these extra supplies? Why or why not?
Journal Entry: Dec 18. Office manager purcashes 250 of office suppllies Adjusting Entry: a review of...
Journal Entry: Dec 18. Office manager purcashes 250 of office suppllies Adjusting Entry: a review of the office supplies locker shoes that 180 worth of supplies are on hand    Another adjusting entry: The office manager realizes that the check written for office supplies was made for 200 and not for 250 as initially recorded. The cash account and supplies expense account should be corrected to show their proper amounts Can you help we figure out the adjusting entry?
On January 1, the Office Supplies account had a $600 balance. On December 31 (end of...
On January 1, the Office Supplies account had a $600 balance. On December 31 (end of year), a count revealed that $400 of supplies were still unused. During the year, $800 of supplies were purchased and recorded as an expense. The required adjusting journal entry to be recorded on December 31 is Group of answer choices Debit Supplies Expense 1,000, credit Supplies 1,000 The correct answer is not listed. Debit Supplies Expense 200, credit Supplies 200 Debit Supplies Expense 800,...
The Blue Plum Company’s Office Supplies account had a beginning balance of $16,000. During the month,...
The Blue Plum Company’s Office Supplies account had a beginning balance of $16,000. During the month, purchases of office supplies totaling $4,000 were debited to the Office Supplies account. If $6,000 worth of office supplies is still on hand at month-end, what is the proper adjusting entry? Select one: a. A)    Office Supplies                                                         14,000 Office Supplies Expense                                                    14,000 b. A)    Office Supplies Expense                                             6,000 Office Supplies                                                                    6,000 c. A)    Office Supplies Expense                                           14,000 Office Supplies                                                                  14,000 d. A)    Office Supplies                                                          ...
Directions: Journalize the adjusting entries. Adjustment for Prepaid Insurance The Prepaid Insurance account began the year...
Directions: Journalize the adjusting entries. Adjustment for Prepaid Insurance The Prepaid Insurance account began the year with a balance of $460. During the year, insurance in the amount of $1,040 was purchased. At the end of the year (December 31), the amount of insurance still unexpired was $700. Prepare the year-end entry in journal form to record the adjustment for insurance expense for the year. Adjustment for Supplies The Supplies account began the year with a balance of $380. During...
Is arbitration an option for HR problems? How do employees enter arbitration? (200 word count)
Is arbitration an option for HR problems? How do employees enter arbitration? (200 word count)
Bank Dr 16,062.92 Prepaid insurance Dr 500 Kitchen supplies Dr 2000 Office supplies Dr 200 Building...
Bank Dr 16,062.92 Prepaid insurance Dr 500 Kitchen supplies Dr 2000 Office supplies Dr 200 Building supplies DR 183.70 Furniture Dr 4500 Accumulated depreciation furniture Cr 375 Gst paid on purchases - Wages payable Cr 1485.71 Interest payable Cr 200 Deductions payable Cr 1,280 Bank loan payable Cr 10,000 N.R capital Cr 5000 N.R withdrawals Dr 500 Revenue Cr 27,250 Wages expense Dr 9805.71 Training expense Dr 250 Supplies expense Dr 250 Depreciation expense Dr 375 Bookkeeper expense Dr 400...
1. According to an inventory count, White Farm Equipment had office supplies amounting to $100 at...
1. According to an inventory count, White Farm Equipment had office supplies amounting to $100 at year-end. It had $50 of supplies at the beginning of the year and purchased $600 of supplies during the year. What was the total supplies expense for the year? a) $450 b) $650 c) $600 d) $550 2. Smittybilt Winch Corporation issues 500, 10-year, 8%, 1,000 bonds dated January 1, 2018, at 103. The Journal entry to record the bond issuance: a) Cash 500,000...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT