Treadway Dental Services gives each of its patients a toothbrush with the name and phone number of the dentist office and a logo imprinted on the brush. Treadway purchased 15,000 of the toothbrushes in October 2011 for $3,130. The toothbrushes were delivered in November and paid for in December 2011. Treadway began to give the patients the toothbrushes in February 2012. By the end of 2012, 4,500 of the toothbrushes remained in the supplies account.
1. How much expense should be recorded for the 15,000 toothbrushes in 2011 and 2012 to properly match expenses with revenues?
2. Describe how the 4,500 toothbrushes that remain in the supplies account will be handled in 2013.

  • CreatedSeptember 22, 2015
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