Unlimited Doors showed supplies available during the year of $1,900. A count of the supplies on hand as of October 31 is $800. The adjusting entry for Store Supplies would include:
A) a debit to Store Supplies Expense for $800.
B) a credit to Store Supplies Expense for $800.
C) a debit to Store Supplies for $1,100.
D) a debit to Store Supplies Expense for $1,100.
Answer: D
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A random sample of size 10 is selected from a normal population, where the population standard deviation is unknown. Assume that a two-tailed test at the 0.10 significance level is to be used
For what value of t will the null hypothesis not be rejected?A) to the left of -1.812 or to the right of 1.812 B) to the left of -1.372 or to the right of 1.372 C) to the left of -1.833 or to the right of 1.833 D) to the left of -1.383 or to the right of 1.383
A characteristic of a fixed asset is that it is
A) intangible B) used in the operations of a business C) held for sale in the ordinary course of the business D) a long term investment