Author Question: On June 1, Stackable, Inc. has a balance of 6,000 in Supplies. During June, the company buys another ... (Read 43 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
On June 1, Stackable, Inc. has a balance of 6,000 in Supplies. During June, the company buys another 2,000 of supplies. On June 30, the company counts the supplies and finds that 800 are left unused. What is the proper adjustment at June 30?
 
  A) Decrease Supplies and shareholders' equity by 7,200.
  B) Decrease Supplies and shareholders' equity by 8,000.
  C) Decrease Cash and increase Supplies by 2,000.
  D) Decrease Cash and increase Accounts payable by 7,200.

Question 2

All of the following are documents used for inventory control except
 a. a petty cash voucher
  b. a vendor's invoice
  c. a receiving report
  d. a purchase order



pallen55

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

A

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

For a complete list of videos, visit our video library