Determine the amount of office supplies used

Assignment Help Financial Accounting
Reference no: EM132856641

Question - A business had €8 480 of office supplies at the beginning of April. During the month, €11 222 of office supplies was purchased. At the end of the month a verification of the office supplies indicated that €8 104 was on hand. Determine the amount of office supplies used and journalize the adjusting entry.

Reference no: EM132856641

Questions Cloud

Estimate the amount of cash each brother will receive : They estimate that they will receive $57,000 from the sale of the noncash assets. Estimate the amount of cash each brother will receive
How much net income would have recorded for month of may : If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
Calculate the cost of goods sold and ending inventory : The Snowboarding Company provided the following information for one of its top-sellings now boards: Calculate the cost of goods sold and ending inventory
How much cash did hertz pay out to investors in the form : How much cash did Hertz pay out to investors in the form of dividends and/or share repurchases in 2012? (Ignore other financing activities.)
Determine the amount of office supplies used : At the end of the month a verification of the office supplies indicated that €8 104 was on hand. Determine the amount of office supplies used
Compute the required installment payments of tax : In 2019, NB Inc.'s federal taxable income was $292,000. Compute the required installment payments of 2020 tax in each of the cases.
Discrimination and maximize benefits of diversity : Based on your reading of the major EEO laws, discuss ways to minimize the likelihood of discrimination and maximize the benefits of diversity in the workplace.
Compute interest payable by the company : However, the company has computed its tax payable to be '1,80,000 at the time of filing the return of income. Compute interest payable by the company
What must total assets be next year : Net Profit, pays $15,000,000 in dividends, and total liabilities and common stock remain unchanged. What must their total assets be next year?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Construct a contribution margin income statement

Construct a contribution margin income statement for two different months: in one month, assume 100 T-shirts are sold, and in the other

  Code of ethics and standards of professional conduct entail

Explain how the following standards of the CFA Institute Code of Ethics and Standards of Professional Conduct entail, explain the duties these require from Members and Candidates and discuss the challenges of applying and enforcing these Standards in..

  Economic-social-revenue or political perspective

Discuss the ramifications and implications of either § 1231, § 1245, or § 1250. You can approach this from an economic, social, revenue or political perspective.

  How would you explain the closing process to anne marie

How would you explain the closing process to Anne Marie? She also asked about dividends. What are they? Will they increase expense

  Stockholders meeting that the firm slow

It is proposed at a stockholders' meeting that the firm slow its rate of payments on accounts payable in order to make more funds available for operations. It is contended that this procedure will enable the firm to expand inventory, which will in..

  Partnership and the goodwill method

P, L, and O are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the PLO partnership 30%, 20%, and 50%, respectively, when they agree to admit C for a 20% interest. If C contributes $40,000 to the..

  Why governments issue the bonds

Which Portion of deposit kept as a caution against possible bank illiquidity is best described by? Why governments issue the bonds

  What is the balance in oro investment in branch account

All but 45 percent of the inventory has been resold to unrelated parties by year-end. What is the balance in Oro's Investment in Branch account?

  Proportionate consolidation concept

Atwater Company acquires 80 percent of the outstanding voting stock of Belwood Company. On that date, Belwood possesses a building with a $160,000 book value but a $220,000 fair value. Proportionate consolidation concept

  What is the required rate of return on goodtread stock

What is the required rate of return on Goodtread's stock? What discount rate should Goodtread use to evaluate capital budgeting projects?

  Determine the weighted-average unit contribution margin

Determine the weighted-average unit contribution margin. Determine the total number of units that the company must produce to break even.

  Find what are sources of additional paid in capital

Find What are sources of additional paid in capital. Distinguish among: cash dividends, property dividends, liquidating dividends and stock dividends?

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