The company has a Supplies account balance of $200 on January 1. During the year, the company purchased $1,500 of supplies. As of December 31, a count revealed that there were $500 of supplies on hand. Write down its necessary adjusting entries.

Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent

Social computing forces companies to deal with customers as opposed to

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve