A company purchased office supplies costing $5700 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1030 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

A. debit Supplies Expense, $4670; credit Supplies, $4670.
B. debit Supplies, $4670; credit Supplies Expense, $4670.
C. debit Supplies Expense, $6730; credit Supplies, $6730.
D. debit Supplies, $1030; credit Supplies Expense, $1030.

Torino company has 1,300 shares of $50 par value, 6.0% cumulative and nonparticipating preferred stock and 13,000 shares of $10 par value common stock outstanding. the company paid total cash dividends of $3,500 in its first year of operation. the cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is:

If you miss two payments on a credit card what is generally the penalty

Wilson center is a private not-for-profit voluntary health and welfare entity. during 2017, it received unrestricted pledges of $638,000, 65 percent of which were payable in 2017, with the remainder payable in 2018 (for use in 2018). officials estimate that 14 percent of all pledges will be uncollectible. a. how much should wilson center report as contribution revenue for 2017? b. in addition, a local social worker, earning $20 per hour working for the state government, contributed 600 hours of time to wilson center at no charge. without these donated services, the organization would have hired an additional staff person. how should wilson center record the contributed service?