![ketricduggerp2ciuc](/avatars/33437.jpg)
ketricduggerp2ciuc
07.04.2020 •
Business
During a company's first year, the asset account, Office Supplies, was debited for $2,600 for the purchases of supplies. At year-end, office supplies on hand were counted and determined to be $975. The proper adjusting entry crediting supplies and debiting supplies expense will
Solved
Show answers
More tips
- F Family and Home Why Having Pets at Home is Good for Your Health...
- H Health and Medicine How to perform artificial respiration?...
- H Health and Medicine 10 Tips for Avoiding Vitamin Deficiency...
- F Food and Cooking How to Properly Cook Buckwheat?...
- F Food and Cooking How Many Grams Are In a Tablespoon?...
- L Leisure and Entertainment Carving: History and Techniques for Creating Vegetable and Fruit Decorations...
- P Photography and Videography How to Choose the Perfect Photo Paper for Your Images?...
- H Health and Medicine What vaccines do children need?...
- H Health and Medicine Reasons for the Appearance of Warts: Everything You Need to Know...
- A Art and Culture How to Learn Screaming: Step-by-Step Guide for Beginners...
Answers on questions: Business
- B Business Me give me 5 facts about los angeles...
- B Business Give three reasons why it is important to be part of a professional organization. for 20 !...
- B Business Olsen company paid or collected during 2014 the following items: insurance premiums paid $ 25,800 interest collected 62,800 salaries and wages paid 260,400 the following...
- B Business Acoin sold at auction in 2017 for $6,788,000. the coin had a face value of $5 when it was issued in 1790 and had previously been sold for $280,000 in 1967. a. at what...
- B Business Pratte boat wash s cost formula for its cleaning equipment and supplies is $2,540 per month plus $45 per boat. for the month of april, the company planned for activity...
- B Business Morgan pharmaceutical spends $50,000 this year in research and development for a new drug to cure liver damage. by the end of the year, management feels confident...
- B Business )give the assumptions of the hotelling linear or ìmain streetîmodel. (b) if a linear market is 200 kilometers long, there are two suppliers, örm a located 10 kilometers...
- M Mathematics Point A is located at (8, 7) and Point B is located at (0, 5) find the midpoint of line segment overline AB ....
- M Mathematics question 15, i’m sick and i only have until 12am to finish all my missing work and i need to pass to make my parents happy but i’m lowkey sad rn but #swag...
- E English Shortly after learning of her credentials and that Jane was his cousin, St. John made her schoolmistress of Morton. True False...
Ответ:
Supplies Expense 1625 Dr
Supplies Account 1625 Cr
Explanation:
First, we need to determine the supplies expense for the period. The supplies expense can be calculated by deducting the year end supplies balance from the supplies account balance.
The supplies expense = 2600 - 975 = $1625
The adjusting entry that will be made at the end of the period is,
Supplies Expense 1625 Dr
Supplies Account 1625 Cr
Ответ:
.4
Inelastic
Explanation:
Elasticity of Demand = |%Change in Demand / %Change in Price|
%Change in Demand= |(40,000 - 50,000)/50,000| = 20%
%Change in Price = |(60 - 40)/40| = 50%
Elasticity of Demand = .2/.5 = .4 or 40%
.4 < 1 so Demand is Inelastic