Multiple Choice
If Regent Tax Services' office supplies account balance on March 1 was $1,400,the company purchased $675 of supplies during the month,and a physical count of supplies on hand at the end of March indicated $1,250 unused,what is the amount of the adjusting entry for office supplies on March 31?
A) $675
B) $825
C) $1,250
D) $1,975
E) $525
Correct Answer:

Verified
Correct Answer:
Verified
Q55: A company's Office Supplies account shows a
Q151: Unearned revenue is reported in the financial
Q152: The time period assumption assumes that an
Q153: On January 1,Fashion Forward Magazine received $15,000
Q157: All of the following statements regarding profit
Q158: Prepare adjusting entries for the year ended
Q174: An unadjusted trial balance is a list
Q181: A company made no adjusting entry for
Q219: An annual reporting period consisting of any
Q232: It is acceptable to record prepayment of