Question: please answer all i will give a thumbs up The balance in the office supplies account on June 1 was $4,569, supplies purchased during June

please answer all i will give a thumbs up
please answer all i will give a thumbs up The balance in
the office supplies account on June 1 was $4,569, supplies purchased during
June were $3,016, and the supplies on hand at June 30 were

The balance in the office supplies account on June 1 was $4,569, supplies purchased during June were $3,016, and the supplies on hand at June 30 were $2,013. Determine the amount to be recorded as supplies expense for the June 30 adjusting entry. Select the correct answer. Oa. $3.016 Ob. 59.598 c. 55572 d. $2.013 The unearned rent account has a balance of $55,607. If $4,028 of the $55,607 is uniearned at the end of the accounting period, find the amount of the adjusting entry. Select the correct answer. Oa. $59.635 Ob. 54020 c. 551.579 Od. 555.607 The net income reported on the income statement for the current year was $310,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $ 50,000 $ 60,000 Accounts receivable 112.000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6.500 Accounts payable (merchandise creditors) 75.000 89.000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the Indirect methode Ca. 5235.000 Ob. $289.000 Oc. 5387.000 Od. 3331.000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!