Multiple Choice
On April 1,Spring Floral,Inc.has a balance of $300 in office supplies.During April,the company buys $900 more of the office supplies.On April 30,the company counts the supplies and finds $200 of supplies remaining.The effect of the April 30 entry to adjust supplies will include a ________.
A) decrease to Cash and an increase to Supplies of $1,000
B) decrease to Cash and an increase to Accounts payable of $900
C) increase to Supplies and Supplies expense of $1,200
D) decrease to Supplies and Supplies expense of $1,000
Correct Answer:

Verified
Correct Answer:
Verified
Q30: Generally accepted accounting principles require the use
Q131: Fair Play,Inc.paid $3,600 on September 1,2011 for
Q133: On January 1,2011,Beyers Company pays $205,000 cash
Q134: For each event,determine the amount of revenue
Q135: On January 1,2011,Swinger,Inc.purchases a batting machine for
Q137: At December 31,2010,McToil,Inc.owes its employees $20,000 for
Q138: Company A has a profit margin on
Q139: Team instructions: Divide the class into teams
Q140: Recording revenue before it is earned will
Q141: Which of the following risks is NOT