Exam.-7 and Exam. 8 are based on the following. On 1 November 2018, ABC Company bought...

 

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Exam.-7 and Exam. 8 are based on the following. On 1 November 2018, ABC Company bought $3,000 worth of office supplies for its own use on account and debited an asset account. On 31 December 2018, $1,200 of office supplies remained unused. ABC Company uses "Office supplies" as a title of the assets account and "Office supplies expense" as a title of the expense account for office supplies. The balance of the office supplies account was zero on 31 October 2019. - Exam.-7 Which journal entry should ABC Company make on 1 November 2018? 3,000 O O O - • D D D D D a. Cr. Account payable b. Cr. Office supplies expense Dr. Office supplies Dr. Office supplies C. Cr. Account payable d. Cr. Office supplies Dr. Office supplies expense Dr. Office supplies expense 3,000 ☐ d. a. Dr. Office supplies Cr. Office supplies expense b. Cr. Office supplies Dr. Office supplies expense Exam.-8 Which journal entry should ABC Company make on 31 December 2018? C. Cr. Office supplies Dr. Office supplies expense Dr. Office supplies 3,000 Cr. Office supplies expense 3,000 3,000 1,200 3,000 1,800 3,000 3,000 1,200 1,200 1,200 1,800 1,800 1,800 Exam.-7 and Exam. 8 are based on the following. On 1 November 2018, ABC Company bought $3,000 worth of office supplies for its own use on account and debited an asset account. On 31 December 2018, $1,200 of office supplies remained unused. ABC Company uses "Office supplies" as a title of the assets account and "Office supplies expense" as a title of the expense account for office supplies. The balance of the office supplies account was zero on 31 October 2019. - Exam.-7 Which journal entry should ABC Company make on 1 November 2018? 3,000 O O O - • D D D D D a. Cr. Account payable b. Cr. Office supplies expense Dr. Office supplies Dr. Office supplies C. Cr. Account payable d. Cr. Office supplies Dr. Office supplies expense Dr. Office supplies expense 3,000 ☐ d. a. Dr. Office supplies Cr. Office supplies expense b. Cr. Office supplies Dr. Office supplies expense Exam.-8 Which journal entry should ABC Company make on 31 December 2018? C. Cr. Office supplies Dr. Office supplies expense Dr. Office supplies 3,000 Cr. Office supplies expense 3,000 3,000 1,200 3,000 1,800 3,000 3,000 1,200 1,200 1,200 1,800 1,800 1,800

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ANS WER 1 Chem ically convert the cyan ide ions into a less toxic form such as cyan ate or th i oc y... View the full answer