What will be the general journal entry on march

Assignment Help Accounting Basics
Reference no: EM133121473

Question - On March 5, 2021, $250.34 worth of office supplies were purchased. (2 pts) Additional office supplies of $245.00 were purchased on March 29, 2021. On March 31, 2021, the amount of office supplies in the supplies cabinet equals $80.00. Based on the above information, what will be the general journal entry on March 31, 2021 to record the supplies usage for March?

Reference no: EM133121473

Questions Cloud

Negotiate a contract that has a present value : A baseball player is offered a 5-year contract that pays him the following amounts:
What the markup percentage for setting prices : Wilde has an annual target operating income of $990,000. What the markup percentage for setting prices as a percentage of the full cost of the product
What is the npv of the project : a. If NuLife's cost of capital is 10% and the tax rate is 30%, what is the NPV of the project? Please round your answer to the nearest dollar [e.g. $1,504].
What is the value of the stock : The current riskifree rate is 4 percent and the market risk premium is 5 percent. You are trying to value ABC company and it has an equity beta of 0.8.
What will be the general journal entry on march : The amount of office supplies in the supplies cabinet equals $80.00. Based on the above information, what will be the general journal entry on March
Who do you think is represented in debt range : A substantial fraction of borrowers owe less than $5,000. Who do you think is represented in this debt range and why might the number of borrowers in this range
Financial research on facebook and general motors : Complete financial research on Facebook and General Motors using a web page such as investing.com or finance.yahoo.com or Bloomberg.com.
What is the minimum acceptable bid per unit : Grounded Coffee Products is approached by an overseas customer to fulfill a? one-time-only special order for? 5,000 units. What is the minimum acceptable bid
What is the capital asset pricing model : What is the Capital Asset Pricing Model and how is it used?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Make the necessary adjusting entries for crystal catering

The financial year for Crystal Catering Services, Make the necessary adjusting entries for Crystal Catering Services for the year ended 30 June 2020.

  Why permanent differences do not impact future periods

Discuss why permanent differences do not impact future periods' taxable income and how these differences affect tax rates

  What is the weighted-average unit contribution margin

NoFly Corporation sells three different models of a mosquito "zapper." What is the weighted-average unit contribution margin

  Prepare the consolidated financial statements for sienna ltd

Amber Ltd were recorded at fair values, Prepare the consolidated financial statements for Sienna Ltd and its subsidiary for the year ended 30 June 2016.

  What intra-entity gross profit in inventory existed

At December 31, 2018, Pitino owes Brey $24,000 for inventory acquired during the period. What intra-entity gross profit in inventory existed as of January

  Calculating the APR on simple interest and discount loans

Calculating the APR on simple interest and discount loans - Find the finance charges on a 6.5 percent, 18-month, single-payment loan

  Balance sheet related to cash flow statement

What sections of a balance sheet are related to each of the sections of a cash flow statement?

  Sanchez manufacturing purchases 45000 of raw materials on

sanchez manufacturing purchases 45000 of raw materials on account and it incurs 50000 of factory labor costs.supporting

  Determine an effective solution for helping the mentee

Include coaching techniques to support your mentee in reaching the short-term and long-term goals. How will you use these to support the growth of your mentee?

  Prepare the journal entries necessary to adjust the accounts

A check for $1,920.00 returned with the statement was recorded incorrectly in the check register as $1,380.00. The check was for a cash purchase of merchandise.

  Prepare income statements segmented by territory

Prepare income statements segmented by territory for September, including a column for the entire firm. Do not use negative signs with your answers

  What amount should be reported as total assets

The liabilities increased to P2,000,000 by December 31, 2021. On December 31, 2021, what amount should be reported as total assets

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