Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. adjustment data: 1. supplies on hand totaled 4,830

Adjustment data: 1. Supplies on hand totaled 4,830. 2. Depreciation is 16,800 on the equipment....

90.2K

Verified Solution

Question

Accounting

image
image
image
image
image
image
Adjustment data: 1. Supplies on hand totaled 4,830. 2. Depreciation is 16,800 on the equipment. 3. Interest of $11,360 is accrued on notes payable at November 30 . Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. 30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. 5. Supplies and depreciation are selling expenses. Adjustment data: 1. Supplies on hand totaled 4,830. 2. Depreciation is 16,800 on the equipment. 3. Interest of $11,360 is accrued on notes payable at November 30 . Other data: 1. Salaries expense is 70% selling and 30% administrative. 2. Rent expense and utilities expenses are 80% selling and 20% administrative. 3. 30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense is 100% administrative. 5. Supplies and depreciation are selling expenses

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students