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• What process did you follow to come to your conclusion?
Weegy: It is just asking what steps did you take to arrive at your final assessment. What evidence (articles or research etc.) do you have to support your final result (conclusion). (More)
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Asked 4/30/2012 4:48:55 PM
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In classifying transactions, which of the following is true in regard to assets
Weegy: In classifying transactions the following is true in regard to assets: A. Normal balances and increases are debits. (More)
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Asked 4/30/2012 7:28:47 PM
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An increase in an expense account must be
Weegy: debt. This is the opposite of profit (an increase income = profit) increase expenditure = debt. User: ABC Corporation issues 100 shares of $1 par common stock at $5 per share, which of the following is the correct journal entry (More)
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Asked 4/30/2012 7:43:12 PM
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Greese Company purchased office supplies costing $4,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1,100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be
Weegy: Office supplies expense (or Misc. expense) 2,400 Office supplies 2,400 (More)
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Updated 9/18/2013 7:51:34 PM
1 Answer/Comment
Greese Company purchased office supplies costing $4,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $1,100 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be debit Office Supplies Expense, $2,900; credit Office Supplies, $2,900.
Added 9/18/2013 7:51:34 PM
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