Almost always try to get members of your audience to save questions for a separate question and answer session at the end of your presentation

On April 1, Balsa, Inc. purchased office supplies for $1,500. At the end of April, they took a count of the remaining supplies and found that there was $500 of supplies left. Provide the adjusting entry needed at the end of April. (Ignore explanation)

Assume the office supplies were initially recorded as an asset. Assume there were no office supplies on hand prior to the purchase on April 1. What will be an ideal response

The U.S. Food and Drug Administration promotes the principle of caveat emptor in sale transactions involving food and drugs

Indicate whether the statement is true or false