Gear Shop purchased supplies at a cost of $1,000 during the year. At January 1, the beginning balance in the supplies account was $300 . At December 31, supplies on hand are $100 . Determine supplies expense for the year
a. $ 1,300
b. $ 1,200
c. $ 1,100
d. $ 1,400
b
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Regions that do not meet air quality standards are designated as air quality control regions
Indicate whether the statement is true or false
Operational relatedness is created by __________ of __________.
A. sharing; core competencies B. sharing; activities C. transferring; core competencies D. transferring; activities
A $6,000 bank deposit made on the last day of the month did not appear on this month's bank statement. How would this item be treated on the bank reconciliation?
A. It would be deducted from the bank balance. B. It would be added to the book balance. C. It would be added to the bank balance. D. It would be deducted from the book balance.
Discount on bonds payable and Premium on bonds payable are examples of:
A) contra-accounts. B) companion accounts. C) estimated accounts. D) equity accounts.