Amount of the adjusting entry for office supplies

Assignment Help Financial Accounting
Reference no: EM13823065

If regent tax services' office supplies account balance on march 1 was $ 1400 , the company purchased $ 675 of supplies during the month and recorded the purchase in the office supplies account, and the physical count of supplies on hand at the end of march indicated $1,250 ununsed . What is the amount of the adjusting entry for office supplies on march 31

a. 675

b. 825

c. 1250

d 1975

Reference no: EM13823065

Questions Cloud

Write one paragraph identifying the logical flaw : For each of the following claims, write one paragraph identifying the logical flaw: The election couldn't have been fair-I don't know anyone who voted for the winner
Write a revise paper about effect of technology on our brain : Write a revise paper about Effect of Technology on our Brains.
Identifying accounts receivable : When identifying Accounts Receivable is the amount shown the net amount when the line item is stateted as listed below? Accounts Receivable (net of allowance for doubtful accounts of $485 and $488)
Amplify a region of mitochondrial dna : Describe how a single pair of primers is able to amplify a region of mitochondrial DNA in virtually all invertebrates. In your answers, define"conserved."
Amount of the adjusting entry for office supplies : If regent tax services' office supplies account balance on march 1 was $ 1400 , the company purchased $ 675 of supplies during the month and recorded the purchase in the office supplies account, and the physical count of supplies on hand at the end o..
How much is the gross amount : "How much is the gross amount" Find the Accounts Receivable (may also be called Trade Receivables) for your selected company. How much is the "net amount"? This is the amount after deducting the Allowance for Uncollectible Accounts (this can have som..
First order michaelis-menten enzyme catalyzed : Determine the type of inhibition that has occurred in a first order Michaelis-Menten enzyme catalyzed reaction that has yielded the following data. Vi is the velocity in the presence of inhibitor, V is the velocity when run without inhibitor and [S] ..
What is the level of significance : Suppose you are a sociologist in Rock Springs, Wyoming, and a random sample of police files showed that of 38 arrests last month, 26 were of males aged 15 to 34 years. Use a 1% level of significance to test the claim that the population proportion..
Purchased equipment with a fair value : Darvin company purchased equipment with a fair value of 100,000 on a 6 percent, 4 year instalment note. What would Darvin's annual payment on the note, assuming that payments are made at the end of the year?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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