Which of the following entries records the acquisition of office supplies on account?
A) Office Supplies, debit; Cash, credit
B) Cash, debit; Office Supplies, credit
C) Office Supplies, debit; Accounts Payable, credit
D) Accounts Receivable, debit; Office Supplies, credit
C
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A reorder point of 10 means ordering the product ________
A) every 10 days B) when stock falls to 10 units C) every 10 units D) when stock falls to 9 units E) in batches of 10 items
One of the basic requirements for an instrument to be negotiable is that it must be payable:
A. to a specific person. B. "to order" or "to bearer." C. on fulfillment of a conditional promise. D. in cash or kind.
Answer the following questions. (Show your work.) a. Revenue of $60,000 was earned, but only $45,000 was collected. Expenses of $36,000 were incurred, but only $30,000 was paid. What is reported net income? b. Wages of $4,000 are paid every Friday for a
five-day workweek. If the end of the year falls on a Tuesday, the adjusting entry for wages would be recorded at what amount? c. A company vehicle is purchased for $24,000. Assuming an eight-year useful life and zero value at that time, what is the balance of accumulated depreciation after five years? d. Supplies Expense of $3,600 was recorded for a given year. Assuming that $2,400 in supplies were purchased during the year and that $640 in supplies remained at year end, what was the cost of supplies at the beginning of the year?
Provide for ongoing ______________ for the project products—both the physical products and the documents
a. changes b. funding needs c. reviews d. demand