What the balance in the supplies account

Assignment Help Accounting Basics
Reference no: EM132981110

Question - At February 1, 2022, the balance in Marigold Inc.'s supplies account was $3420. During February, Marigold purchased supplies of $2900 and used supplies of $3900. At the end of February, what the balance in the Supplies account?

Reference no: EM132981110

Questions Cloud

Determine the maximum growth rate : Assuming that these ratios will remain constant, use the AFN equation to determine the maximum growth rate (the sustainable growth rate)
Break even analysis : Break Even Analysis - awareness of the new pizza among your pasta users is expected to be twice as high as for non-users: roughly 60% for users and 30%
Hazards category chemical hazard : Choose one of the hazards category Chemical hazard: Identify a workplace and occupation where people can become exposed to this hazard; provide details of the t
Describe what have done to prepare for certification : Describe and Have you completed the scheduled tasks assigned on your timeline? If not, what are your plans to stay on schedule?
What the balance in the supplies account : During February, Marigold purchased supplies of $2900 and used supplies of $3900. At the end of February, what the balance in the Supplies account
Planning and implementing a training program : 1) Discuss the statement, "developing a partnership with the line managers is very crucial for planning and implementing a training program".
What is the realized gross loss to be recognized : What is the realized gross loss to be recognized by the entity for the year ended Dec. 31, 2021 under percentage of completion method
Prepare a schedule to show the maximum deductions : Prepare a schedule to show the maximum deductions for tax purposes available to Chazerai Ltd. for 2020 based on the above information
How do analyze decisions made throughout diagnosis : How do analyze decisions made throughout diagnosis and treatment of clients with mental health disorders. Evaluate clients for treatment of mental health

Reviews

Write a Review

Accounting Basics Questions & Answers

  To prevent fraudulent shipments of merchandise

1.to prevent fraudulent shipments of merchandise organizations shoulda.match every receiving slip to an approved

  What are limitations to using s-curves as prescriptive tools

What are the limitations to using s-curves as prescriptive tools? What are the pros and cons of using s-curves be used as prescriptive tools?

  Computing depreciation expense on asset

Company purchased a depreciable asset for $600,000. The estimated salvage value is $30,000, and the estimated useful life is 10,000 hours. Bigbie used the asset for 1,100 hours in the current year. The activity method will be used for depreciation..

  What is the amount of interest revenue recognized

What is the amount of interest revenue recognized by Garcia in the following year? When required, round your answer to the nearest dollar

  Compared to annual effective interest amortization amount

Compared to the annual effective interest amortization amount over the life of the bond issue, the annual amount of the straight-line amortization of premium

  Conceptual framework for business organizations

Identify the primary components of the conceptual framework for business organizations and explain the purpose of each component.

  Explain five red flags of employee fraud

Explain five red flags of employee fraud. Explain at least five types of employee fraud together with the methods of detection and prevention for each

  Assess the level of audit risk associated with situation

The company gearing ratio had significantly increased as a result of a £3 million long-term loan. Assess the level of audit risk associated with this situation

  Determine the amount of deficiency

The deposits are made on the last day of each year and yield a return of 10%. Determine the amount of deficiency

  Evan transferred real estate to a corporation in a code

evan transferred real estate to a corporation in a code section 351 transaction. the real estate was a capital asset in

  An outside supplier has offered to produce this part and

an outside supplier has offered to produce this part and sell it to the company for 32.10 each. if this offer is

  On october 10 tridant inc purchased 5000 desks at an

1. on october 10 tridant inc. purchased 5000desks at an invoice price of 300 each and paid for them on october20

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