Cary's Carpet Cleaning, Inc. purchased $2,500 of supplies during April, its first month of operations. There...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Cary's Carpet Cleaning, Inc. purchased $2,500 of supplies during April, its first month of operations. There were only $1,000 of supplies on hand on April 30. Complete the necessary adjustment for the month of April by selecting the account names and dollar amounts from the drop-down menus. Date April 30 Account Title Supplies Supplies Expense Debit 2,500 select + Credit 1,500 Cary's Carpet Cleaning, Inc. purchased $2,500 of supplies during April, its first month of operations. There were only $1,000 of supplies on hand on April 30. Complete the necessary adjustment for the month of April by selecting the account names and dollar amounts from the drop-down menus. Date April 30 Account Title Supplies Supplies Expense Debit 2,500 select + Credit 1,500
Expert Answer:
Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111971724
9th edition
Authors: Michael R. Kinney, Cecily A. Raiborn
Posted Date:
Students also viewed these accounting questions
-
Marin University sells 3,200 season basketball tickets at $45 each for the entire 10 game home schedule. (a) Give the entry to record the sale of the season tickets. (Credit account titles are...
-
Jen and Berry's sells ice-creams from its factory-shop in Petone. There is a managing director (Maynard Dibble), a marketing manager (Mary Salman) and a production manager (Peter Pritchard). Maynard...
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
You are considering a job offer. The job offers an annual salary of $42,000, $45,000, and $48,000 a year for the next three years, respectively. The offer also includes a starting bonus of $1,000...
-
Horton Industries' shareholders' equity included 100 million shares of $1 par common stock and a balance in paid-in capitalexcess of par of $900 million. Assuming that Horton retires shares it...
-
Spencer Grant chooses not to sell his shares at the time described in problem 3. He waits, expecting the share price to rise further after the announcement of quarterly earnings. His expectations...
-
Lally Industries shows the following financial statement data for 2008, 2009, and 2010. Prior to issuing the 2010 statements, auditors found that the ending inventory for 2008 was understated by...
-
Croftsman Company recorded the following information for its main product: Selling price per unit...................................................................$200 Costs per unit (at the normal...
-
Question 4 You are presented with the following information for Happy Now Caf: Happy Now's Balance Sheet as at 31st August 2013 $000 $000 Non Current Assets Intangible Tangible (NBV) Investment 460...
-
Bill and Ellen are husband and wife with five married children and eight grandchildren. Commencing in December 2014, they would like to transfer a tract of land (worth $1,008,000) equally to their...
-
How will an increase in the price of hotdogs affect the market for hotdog buns? Be sure you discuss the difference between changes in quantity and changes in quantity demanded.
-
Cost Accounting is a branch of accounting and has been developed due to limitations of financial accounting. Financial accounting is primarily concerned with record keeping directed towards the...
-
Anne withdrew $15,000 from her RRSP under the HBP in May 2016. She was required to repay $1,000 each year beginning in 2018. Anne received an unexpected bonus of $800 in December 2017 and immediately...
-
Case II. qa= qb= +6.5 C and qc = qd=-6.5 C. O qa Oqc (e) Due to symmetry the direction of the net force is D. In the -y direction. N qb Oqd (d) In your notebook, draw the forces on q due to qar 9b,...
-
Complete the gaps in the following table: Assets (RM) Liabilities (RM) Capital (RM) (a) 88,000 36,500 ? (b) ? 43,000 18,400 |(c) 12,000 ? 400 (d) ? 3,010 38,990 (e) 62,380 58,000 ?
-
Payroll summary for wages earned from Dec. 2 4 to Dec. 3 1 is detailed below. These amounts will be paid next year. Gross Wages $ 5 , 6 0 0 FICA Taxes Payable 3 9 0 Federal Withholding Taxes 1 , 0 3...
-
Suppose someone offer you the following financial contract. If you deposit Rs 2 0 , 0 0 0 with him he promises to pay Rs 4 0 0 0 annually for 1 0 years. What interest rate would you earn on this...
-
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
-
At Lockhart Inc., divisional managers are evaluated on the basis of a variety of net income measures. The controller informs the president that such measures could be misleading. What are the major...
-
ALOHA Corp., started in January 2007, manufactures Hawaiian muumuus. At that time, the following material and labor standards were developed: Material ........ 3.0 yards at $ 4 per yard Labor...
-
Blaine Corp. makes floats for Mardi Gras in New Orleans. The companys fiscal year ends on March 31. On January 1, 2013, the companys WIP Inventory account appeared as follows: The direct labor cost...
-
A computer chip is essentially a series of micro-sized transistors that function as tiny switches to control the flow of electrons. Millions, sometimes billions, of transistors are packed into chips...
-
Raul Suarez is the factory manager for Tallis Manufacturing, which manufactures metal propellers for small boats. The factory uses hot plastic and metal work in the production process, so the factory...
-
Look at Figure 26.1. For either the UK or the EU: a. Estimate the amplitude of the deviations from trend over the period shown. b. Estimate the length of time between the beginning of the deviation...
Study smarter with the SolutionInn App