A company started the year with $200 of supplies. During the year the company purchased additional supplies costing $1,200. There were $800 of supplies on hand at the end of the year. An adjusted trial balance prepared at the end of the accounting period will show the following balance in Supplies: a.$1,400 b.$800 c.$600 d.$0
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A company started the year with $200 of supplies. During the year the company purchased additional supplies costing $1,200. There were $800 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Adrianna works as a purchasing manager at a trading firm and earns a salary of $60,000. She has deductions of $3,000 and tax credits of $5,000, and she pays an annual tax of $6,000. What is her annual disposable income?
Answers (1)
Generally accepted accounting principles require that the inventory of a company be reported at: 1) Market value. 2) Historical cost. 3) Lower of cost or market. 4) Replacement cost.
Answers (1)
Fred currently earns $9,000 per month. fred has been offered the chance to transfer for three to five years to an overseas affiliate. his employer is willing to pay fred $10,000 per month if he accepts the assignment.
Answers (1)
Inventory Valuation under Absorption Costing During the most recent year, Judson Company had the following data associated with the product it makes: Units in beginning inventory 300 Units produced 15,000 Units sold ($300 per unit) 12,700 Variable
Answers (1)
Jane decides to open her own business and earns $50,000 in accounting profit the first year. When deciding to open her own business, she turned down three separate job offers with annual salaries of $30,000, $40,000, and $45,000.
Answers (1)
New Questions in Business
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000.
Answers (1)
Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September.
Answers (1)
What is the alternate name for income tax return form1040?
Answers (1)