Adjusting Entries Office Supplies On Hand

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01/03/2012 Brian purchased $1,500 worth of office supplies. Problem 4 On December 31, 2012, Brian is told by his accountant that he must make some adjusting entries. Adjusting Entries. 1. 12/31/2012 Supplies Expense 1,200. ... Return Doc

Stud. Study Guide, 4th Ed. Fin. Acctg. Winter 01/02
Explain the reasons for adjusting entries. 4. At June 30, there are $300 of office supplies on hand. The adjusting entry is: a. Office Supplies 300. Office Supplies Expense 300. b. Stud. Study Guide, 4th ed. Fin. Acctg. winter 01/02 Author: john wiley Last modified by: ... Document Retrieval

Tuesday February 6, 2007 Ch 4-2 - Dean Of Students Office
When are adjusting entries necessary? 2. _____c. Office supplies on hand will be used in the next accounting period. _____d. An expense has been incurred, Office supplies were purchased during the year for $500, _____ and $100 ... Read Full Source

3A Accounting Practice Test - Chapter 9 - New Learner
3A Accounting Practice Test - Chapter 9 Section A: • There were only $100.00 of office supplies left on hand. N. Bhatia had $600.00 of including the ones created in your adjusting entries. Date Account Title and Explanation P.R. Debit Credit . ... Get Doc

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After the adjusting entries are journalized and posted to the At March 1, 2006, CookieTime Inc. had supplies on hand of $1,500. During the month, Candy purchased supplies of A physical count of office supplies on hand at the end of the year revealed that $6,400 worth of office ... Access Doc

ANSWERS TO QUESTIONS - Drexel University
Transaction (c): Office Supplies (debit), Accounts Payable (credit). (retained earnings) after the adjusting entries have been recorded and the financial statements prepared. ANSWERS TO QUESTIONS ... Fetch Doc

CHAPTER I - DePaul University
Nominal accounts. 4, 7 3. Trial balance. 6, 13 2, 3, 4 1, 2, 7 4. Adjusting entries. 8, 14, 16, 17 3, 4, 5, 6, 7, 8 , 9, 10 5 Office Supplies (debit 2005 Debit Credit Cash $ 6,172 Accounts Receivable 4,790 Supplies on Hand 2,967 Furniture and Equipment 9,300 Accounts Payable ... Fetch Document

Thesaurus - Wikipedia, The Free Encyclopedia
In general usage, a thesaurus is a reference work that lists words grouped together according to similarity of meaning The entries are also designed for drawing distinctions between similar words and assisting in choosing exactly the right word. ... Read Article

Recording Adjusting Entries - Cpp.edu
Recording Adjusting Entries Group 3 During 2008, office supplies amounting to $800 were purchased for cash and debited in full to Supplies. At the end of 2007, the count of supplies remaining on hand was $200. The inventory of supplies counted on hand at December 31, 2008, ... View Full Source

Accounting I Final Question And Answers: - Manifest Me
The balance in the office supplies account on June 1 was $5,200, adjusting entries have not been made at the end of the period for supplies expense of $2,700 and accrued salaries of $1,300. Net income, as corrected, Accounting I Final Question and Answers: ... Doc Viewer

WORKSHEET - 1 Page 1 Of 5
There was really only $460 of Office Supplies on hand. c. Estimated amortization on the Office Equipment was $2,800 d. Wages owing to one employee was $220 3. Post the Adjusting entries on the worksheet 4. Complete the Worksheet 5. Adjusting Entries: ADJ # ACCOUNT TYPE DEBIT CREDIT a) ... Fetch Here

CHAPTER 4
Office supplies of $425 was determined by a physical count. 5. Record all adjusting entries in the general journal of Powerfix at 30 June 2004. A physical count showed office supplies totalling $260 were still on hand at 30 June. 3. ... Retrieve Doc

Company. On June 1, 2016, Story Company Paid $12,600 For One ...
On June 1, 2016, Story Company paid $12,600 for one year's rent 2016, Story Company purchased office supplies during the year that cost $700 and placed the supplies in a storeroom for use as needed. The purchase was recorded as Prepare the adjusting entries as of December 31, 2016, ... Read Document

FR.1 Journal entries And Financial Statement Preparation
FR.1 Journal entries and financial statement preparation A year-end inventory count showed $165 of unused office supplies on hand. c. Amortization on the office equipment, $450. B. Prepare the adjusting entries, enter them into a year-end adjusting batch, ... Access Doc

EXERCISES Ex. 3–1 Ex. 3–2
Office Equipment .. Does not normally require (PE). Supplies .. Normally requi res adjustment (PE). Unearned Fees .. Normally requires adjustment (UR). Wages Expense .. Normally This adjusting entry represents accrued laundry revenue. ... View This Document

(similar to E 4-3) [LO 2] Recording Adjusting Entries . Office supplies on hand at January 1, 2011, totaled $425. Chapter 4 – Set B Exercises – Libby 7e ... Document Retrieval

B EXERCISES - John Wiley & Sons
Supplies on Hand 5,934 Furniture and Equipment 12,200 Accounts Payable $14,088 (Adjusting Entries) Tara Co. owns an office building and leases the offices under a variety of rental agreements involving rent paid in advance monthly or annually. ... Doc Retrieval

Accounting Chapter 8 1 Journalizing And Posting adjusting ...
Accounting Chapter 8 1 Journalizing and posting adjusting entries. ... View Video

ACCRUED EXPENSES (ACCRUED LIABILITIES) - AIPB
ACCRUED EXPENSES (ACCRUED LIABILITIES) Introduction Accrued expenses are expenses that have been incurred, but not yet paid for. Record the adjusting entries and any transaction entries on December 31 for each of the following: On December 31, 19X1, ... Retrieve Full Source

Fundamentals Of Accounting - North Seattle College
Fundamentals of Accounting For QuickBooks Users South Seattle Community College Instructor ADJUSTING ENTRIES A physical count of office supplies revealed $1,500 on hand on September 30. 2. ... View Document

Adjusting Entries – Prepaid Expenses Second Bullet Example - Assuming office supplies are charged to the Office Supplies inventory account when purchased: Office supplies expense 7,800 Write all journal entries for 20x3 assuming the effective interest rate method is used. ... Read More

How To Analyze Inventory On The Balance Sheet
Inventory on the Balance Sheet 2. Inventory Turns / Inventory Turnover 3. McDonald's vs. Wendy's - A Case Study In… 4. Table of Contents for Understanding the Balance… 5. Working Capital About.com; About Money; Investing for Beginners. . . ... Read Article