This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The balance in the supplies account before adjustment at the end of the year is 6,250 . The proper ... (Read 129 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jul 5, 2018
The balance in the supplies account before adjustment at the end of the year is 6,250 . The proper adjusting entry if the amount of supplies on hand at the end of the year is 1,500 would be
 a. debit Supplies, 1,500; credit Supplies Expense, 1,500
  b. debit Supplies Expense, 4,750; credit Supplies, 4,750
  c. debit Supplies Expense, 1,500; credit Supplies, 1,500
  d. debit Supplies, 4,750; credit Supplies Expense, 4,750

Question 2

When counties receive cash advances under grants from the state, what account should they credit?
 
  a. grants receivable
  b. revenues - grants
  c. advance on state grants
  d. grant expenditures


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

c


biggirl4568

  • Hero Member
  • *****
  • Posts: 551
Reply #2 on: Jul 5, 2018
Thank you


laurnthompson

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Jul 5, 2018
No problemo


« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Proper placement and monitoring of an automatic blood pressure cuff will reduce the risk of injury o Proper placement and monitoring of an automatic blood pressure cuff will reduce the risk of injury o
Like all animals, primates must balance their calories expended searching for food with calories, pr Like all animals, primates must balance their calories expended searching for food with calories, pr
Expendable Supplies Expendable Supplies
Every medical office should keep emergency supplies in a waterproof container. Every medical office should keep emergency supplies in a waterproof container.
Select the proper adapter for the compression gauge. The threads on the adapter should match those ... Select the proper adapter for the compression gauge. The threads on the adapter should match those ...
Acid–Base Balance Acid–Base Balance
Video: The life cycle of protein

For a complete list of videos, visit our video library