Give the adjusting entry required at december

Assignment Help Accounting Basics
Reference no: EM131816531

Question - Model Company keeps a small inventory of supplies used for cleaning and maintenance purposes. On January 1, 20A, the inventory of supplies on hand was $400. During the year, supplies purchased were debited to the supplies inventory account in the amount of $800. On December 31, 20A, the inventory count of supplies in the storeroom was $100. Give the adjusting entry required at December 13, 20A.

Reference no: EM131816531

Questions Cloud

Standard deviation years or squared years : The ages of the male beach volleyball players for the United States in the 2004 Olympics were 33, 32, 32, and 32. The ages of the female players were 26, 27, 34
Prepare income statements for each year using variable costi : Prepare income statements for each year using variable costing, injection-molding applications such as gears for small motors
Should the new product be released to production : Management has a target profit percentage of 20% of sales. Production engineering indicates that a new process technology can reduce the manufacturing cost.
Standard deviation of dwarf mouse ages : The New York Times published an article called "In Michigan, a Milestone for a Mouse Methuselah" about a dwarf mouse that surprised scientists
Give the adjusting entry required at december : On December 31, 20A, the inventory count of supplies in the storeroom was $100. Give the adjusting entry required at December 13, 20A
Man underwent surgery : In 2004, a 42-year-old man underwent surgery to reduce his weight of 1,072 pounds.
Problem based on product cost and period cost : Assume we're operating a company that produces and sells baked goods to retail outlets
Compute the direct labor cost and direct materials cost : Fairfax Company uses weighted-average process costing to account for its production costs. Compute both direct labor cost and direct materials cost assigned
Estimate for the mean salary : Explain why the mean you calculated is not necessarily a good estimate for the mean salary of all 18 American orchestras' directors.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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