Author Question: A(n) ______________________________ control plan is designed to discover problems that have ... (Read 60 times)

jake · **on:** Jul 5, 2018

A(n) ___________________ ___________ control plan is designed to discover problems that have occurred.
Fill in the blank(s) with correct word

Question 2

On May 1, Counts, Inc has a balance of 1,000 in office supplies. During May, the company buys 500 more of the office supplies. On May 31, the company counts the supplies and finds 200 of supplies remaining.

What will the company report on its May 31 balance sheet?
A) Supplies expense of 500
B) Supplies of 1,300
C) Supplies of 200
D) Supplies expense of 1,500