User Account

All Pages

How much should be recorded as supplies expense in October

Assignment Help Financial Accounting
Reference no: EM132923684

Question - On October 1st, a company reported a balance of $4,000 in its supplies account. During the course of the month, $13,000 in supplies were purchased and on October 31st, the balance in supplies was $3,000. How much should be recorded as supplies expense in October?

Reference no: EM132923684

Questions Cloud

Customer retention process : To maintain and retain existing customers (customer retention), companies need to build a CRM strategy, one of which is a free delivery service (free delivery s
What were the total payments on account : The company purchased $380000 worth of goods on account, and the ending balance of the payables account was $75000. What were the total payments on account
Four steps in rational decision-making : Decision making is the process of identifying and choosing alternative courses of action. While we want to make rational decisions, sometimes we don't-sometimes
What group therapy techniques were demonstrated : What group therapy techniques were demonstrated? How well do you believe these techniques were demonstrated? What did you notice that the therapist did well?
How much should be recorded as supplies expense in October : On October 1st, a company reported a balance of $4,000 in its supplies account. How much should be recorded as supplies expense in October
Undertook a sustainability strategy : Find an example of a company that undertook a sustainability strategy that was perceived as greenwashing. Do you agree that the company was greenwashing or was
Aspects of competitive strategy : Provide a genuine case study on Amazon from the following aspects of competitive strategy and apply the theories of strategy development tools and how they are
Impose economic sanctions on itself : With Brexit the UK becomes the only country in the world to impose economic sanctions on itself.' Discuss.
Discuss the purpose of an executive summary : Discuss the purpose of an executive summary. When are they used? What is typically included? What components should be avoided? Provide an example.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Transactions on books parks-recreation perpetual care fund

The City of Ridgetown received a gift of $3,000,000 from a local resident on April 1, 2012 and signed an agreement that the funds would be invested on a permanent basis and the income would be used to maintain all of the city parks and recreation cen..

  Prepare the consolidated income statement for nick company

Prepare the consolidated income statement for 20X2, including the distribution of the consolidated net income to the controlling and noncontrolling interests.

  Financial condition of bellwether garden supply

Analyze the financial condition of Bellwether Garden Supply, and interpret the result for company leaders.

  What are the total assets and the total owners

What are the total assets and the total owners' equity on the December 31, 2012 balance sheet?

  Solve depreciation expense and accumulate depreciation

Calculate depreciation expense, accumulate depreciation and book value by using any two depreciation method. Solve the question by preparing appropriate tables.

  How much must stephen deposit annually in an account paying

How much must Stephen deposit annually in an account paying 10 percent interest in order to have enough money to send his parents on the cruise?

  What the depreciation expense using the straight line method

In January 1, 2018, Anvil Corp. purchased equipment for $60,000.What The depreciation expense for 2018 using the straight line method will be?

  Discuss the role of commercial banks

Discuss the role of commercial banks and central bank in development of financial system? Discuss about the commercial banks. Explain in detail.

  Record the necessary adjusting entries

The information necessary for preparing the 2018 year-end adjusting entries for Winter Storage appears below. Winter's fiscal year-end is December 31. Depreciation on the equipment for the year is $7,000. Record the necessary adjusting entries at Dec..

  What the cost of goods purchased is

Using the periodic system, the cost of goods purchased is? Sampson Company's accounting records show for the year ending December

  Prepare general journal and ledger and trail balance

Purchased from Kareem goods of list price of Rs. 6,000 subject to 10% trade discount by cash. Prepare General Journal, Ledger and Trail balance

  What are the tax consequences of the distributions to ivory

Assume that Ivory Corporation distributes cash and inventory to Gold Corporation and the equipment to Imelda. -What are the tax consequences of the distributions to Ivory Corporation, to Gold Corporation, and to Imelda?-

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd