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accounting made easy

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Issue:

Business

 

Written by:

Pete H

 

Date added:

May 5, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 412

 

Was viewed:

5529 times

 

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Essay content:

At the beginning of the month supplies were $5,000. During the month the company purchased $2,000 of supplies. At month's end, $3,000 of supplies were still on hand. What was the cost of supplies used during the month, (i.e, the amount of the supplies expense)? A) $2,000. B) $4,000. C) $6,000. D) $10,000...
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A company incurs salary expense of $5,000 each week for a five-day work week. Employees are paid each Friday for that week. October 31, the last day of the accounting period, falls on a Wednesday. What amount would be debited to salary expense on October 31? $_$3,000_ 6. The entry to record depreciation expense would include: A) debit to Accumulated Depreciation...
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