The balance in the office supplies account on June 1 was $16,300, supplies purchased during June were $4,300, and the supplies on hand at June 30 were $3,100. The amount to be used for the appropriate adjusting entry is a. $16,700 b. $17,500 c. $19,200 d. $16,200. Correct answer

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At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $752. During the year, previously written off accounts of $141 are reinstated and accounts totaling $710 are written off as uncollectible. The end-of-year balance (before adjustment) in Allowance for Doubtful Accounts should be a.$183 b.$710 c.$141 d.$752

The supplies account had a balance of $1,036 at the beginning of the year and was debited during the year for $2,387, representing the total of supplies purchased during the year. If $2,647 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is a. $3,423 b. $2,647 c. $776 d. $5,034

On June 30 of the current year, Rosemount Copy Center has completed the Trial Balance columns of the work sheet. Analyze the adjustment information given here into debit and credit parts. Record the adjustments on the work sheet. Total the Adjustments columns. Adjustment Information  June 30 Supplies on hand $188.00 Value of prepaid insurance 540.00 WORK SHEET For Month Ended June 30, 20--     ACCOUNT TITLE TRIAL BALANCE ADJUSTMENTS INCOME STATEMENT BALANCE SHEET   DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 1 Cash 8,715.00               1 2 Petty Cash 75.00               2 3 Accounts Receivable-Raymond O’Neil 642.00               3 4 Supplies 518.00               4 5 Prepaid Insurance 675.00               5 6 Accounts Payable-Western Supply   268.00             6 7 Akbar…

At the beginning of the year, the balance in the Allowance for Doubtful Accounts is a credit of $743. During the year, $344 of previously written off accounts were reinstated and accounts totaling $756 are written off as uncollectible. The end-of-year balance (before adjustment) in the Allowance for Doubtful Accounts should be the one listed below. a.$331 b.$756 c.$344 d.$743

The supplies account had a balance of $1,011 at the beginning of the year and was debited during the year for $3,868, representing the total of supplies purchased during the year. If $3,275 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year is Oa. $3,275 Ob. $1,604 Oc. $7,143 Od. $4,879

Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for 8,500. Prepare the journal entry for McKinncy to record the collection of the account previously written off.

December 31, 20XX, according to the Trial Balance, the Equipment account has a balance of 37,700.00.Adjustment data reveals that Depreciation Expense is 3,500.00. Journalize the adjusting entry.

Journal adjusting entry for Office supplies on hand at 30 Sept is $6,050 incl. GST.