Question: how do i create an adjusting entry for closing stock of stationary supplies, given that the total value of the stock during the period is
99 23 60 83 02 13 97 ? Additional Information: Bank loan interest rates (% per year) Motor vehicle useful life (years) Motor vehicle scrap value ($) Insurance paid for (months) Rent paid for (months) Gym equipment useful life (years) Gym equipment scrap value ($) Closing stock of stationery supplies on 30/6 ($) Staff work a 14 day fortnight and are paid on the 15th day. 9 5 5,715 3 5 4,870 594
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
