Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the balance in our office supplies account on janu

The balance in our office supplies account on January 1 was $10,000. On January 31...

90.2K

Verified Solution

Question

Accounting

image
The balance in our office supplies account on January 1 was $10,000. On January 31 , our supplies on hand totaled $2,000. What account and amount would we credit when we record the adjusting entry for affice supplies on January 31 ? ofthce supplies expense, $2,000 otfice supplies, $2,000 otfice supplies, $8,000 office supplies expense, $8,000 Question 13 1pts Annual depreciation on equipment amounted to $27.950 for the current year. What account would we credit when we record this adjusting entry in the general journal? depreciation expense cesipment accumulated depreciation, equipment

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

Basic Math
1.2K views

A firm works 5 days a week. Every employee must work exactly 2 full days and...

Advance Math
1.2K views

Let x(t) ∈ [0, 1] be the fraction of maximum capacity of a live-music venue at...

Biology
1.2K views

Please answer these questions in as long of detail as possible. Question 1 a) Write the expression used...

Civil Engineering
1.2K views

QI: Think of a construction project-a highway connecting two major cities. Write down the steps involved in...

General Management
1.2K views

What are your group’s top 2 technology uses as a customer and what ones does your...

Physics
1.2K views

34 A liquid is kept in a cylindrical vessel which is being rotated about a...

Basic Math
1.2K views

Until recently, the Zika virus was a rare and mild public health concern and little...

Basic Math
1.2K views

One of the early communication satellites was Telstar, launched in 1962 and inspiring a popular...

Calculus
1.2K views

Graph the following function using a graphing utility; then use MINIMUM to obtain the minimum...

Accounting
1.2K views

A company's operating income as a percentage of sales is equal to the ________ minus...

Accounting
1.2K views

How do you determine the cash flow to sales? What does it tell you?

Finance
1.2K views

Wk 1 - Apply: The Stock Market and the Economy Summary [due Day 7] Assignment...