Solution-Analyze adjustment for supplies using t accounts

Analyze adjustment for supplies using t accounts

Assignment Help Financial Accounting

Reference no: EM13520160

On December 31, the trial balance indicates that the supplies account has a balance, prior to the adjusting entry, of $320. A physical count of the supplies inventory shows that $90 of supplies remain. Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal.

Reference no: EM13520160

Questions Cloud

State degree of polymerization for a stepwise polymerization : Derive an expression for the time dependence of the degree of polymerization for a stepwise polymerization in which the reaction is acid-catalysed by the -COOH acid functional group. The rate law is d[A]/dt = -kr[A]2[OH].

Evaluate the ph of 1.00 l of the buffer ch3cooh : Calculate the pH of 1.00 L of the buffer 1.00 M CH3COONa/1.00 M CH3COOH before and after the addition of (a) 0.080 mol NaOH, (b) 0.12 mol HCl. (Assume that there is no change in volume.)

Journalize the adjusting entry required as of december : Journalize the adjusting entry required as of December 31 - if the adjusting entry in (a) were omitted, which items would be erroneously stated on

Define the addition of an electron to the ion would increase : In each case indicate whether the addition of an electron to the ion would increase or decrease the bond order of the species. Li2+, Ne2+2, N2+, and B2+

Analyze adjustment for supplies using t accounts : Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal.

What is the stress at its breaking point : The maximum strain of a steel wire with Young's modulus 2.0 x 10^11 N/m^2, just before breaking, is 0.20%. What is the stress at its breaking point

Evaluate the value of the equilibrium constant : The value of ?G°310 for the reaction at 37°C (normal human body temperature) is -33 kJ mol-1. Calculate the value of the equilibrium constant for the reaction at that temperature.

Find the speed of the boy relative to the surface : A 24-kg boy stands 6 m from the center of a frictionless playground merry-go-round, which has a moment of inertia of 240 kg m2. Calculate the speed of the boy relative to the surface of the merry-go-round

Obtain the maximum extension of the spring : A block of mass m = 3 kg is attached to a spring (k = 27 N/m) by a rope that hangs over a pulley of mass M = 7 kg and radius R = 9 cm, Find the maximum extension of the spring

User Account

All Pages

Analyze adjustment for supplies using t accounts

Reference no: EM13520160

Reference no: EM13520160

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

How should the city report the financial activities

A city government estimates that they must accrue 15

Residential rental building costing

1 in order to restructure some of its debt general motors

What must auditors do to meet their obligations

Question salem co had the subsequent account balances as of

Assigning responsibilities in various responsibility

What is the marginal cost of making one additional chair

Preparation of income statement

Which of the statements best describes tax result to sami

Journal entries in relation to plant asset

Prepare an income statement

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT