Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. present, in journal form, the adjustments that wou

Present, in journal form, the adjustments that would be made on July 31, 2017, the...

60.1K

Verified Solution

Question

Accounting

Present, in journal form, the adjustments that would be made on July 31, 2017, the end of the fiscal year, for each of the following.

1. The supplies inventory on August 1, 2016 was 7,350. Supplies costing 20,150 were acquired during the year and charged to the supplies inventory. A count on July 31, 2017 indicated supplies on hand of 8,810.

2. On April 30, a ten-month, 9% (annual rate) note for 20,000 was received from a customer.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A single gene test cross is conducted to determine the genotype of a pea plant...

Biology
Q

Q10 A body of mass m is kept on a rough horizontal surface coefficient of...

Physics
Q

When a piece of non metal and a metal are dropped from the same height...

Physics
Q

For 1 3 use the Exterior Angles Theorem to find the value of the variable...

Geometry
Q

Sketch the Macquarie university admission process using BPMN Swim-lane layout.

Accounting
Q

Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. Note: Round...

Accounting
Q

Nottingham Forest Products reports the following information concerning operations for the most recent month: There...

Accounting
Q

Please help for the account titles and explanation section. Thankyou! ...

Accounting
Q

Net Present Value For discount factors use Exhibit 12B-1 and Exhibit 12B-2. Talmage Inc. has...

Accounting
Q

Valron Company has two support departments, Human Resources and General Factory, and two producing departments,...

Accounting
Q

Statement of Owner's Equity Financial information related to Lost Trail Company, a proprietorship, for the...

Accounting
Q

Raw material purchased on account, $367,200. Direct material issued to Job #4263 cost...

Accounting