Multiple Choice
The asset account,Office Supplies,had a beginning balance of $3,800.During the accounting period,office supplies were purchased,on account,for $2,500.Supplies Expense for the accounting period is $4,000.What is the ending balance of Office Supplies?
A) $6,300
B) $2,300
C) $4,000
D) $5,300
Correct Answer:
Verified
Correct Answer:
Verified
Q7: A company received $5,000 for 100 one-year
Q48: The entry to record depreciation includes a
Q69: If a company fails to make an
Q80: The entry to record depreciation includes a
Q90: The accountant of Skyscrapers Architectural Services failed
Q92: During the accounting period,office supplies were purchased
Q96: The accounting records of Marcus Service Company
Q100: On January 1,Unearned Revenue of Grossman,Inc.had a
Q122: List and briefly discuss three accounting concepts
Q133: The matching principle is also called the