The Beginning Balance in the Supplies Account Was $3 000

question 10

Multiple Choice

The beginning balance in the Supplies account was $3 000. Purchases of supplies during the year were $25 000. The business makes adjusting entries for supplies once a year. A count of supplies at year- end revealed that the ending balance in the Supplies account should be $1 500. What is the amount of the adjusting entry?

• A)$25 000
• B)$26 500
• C)$3 000
• D)$1 500

Identify the objective of the product decision and the components of a strong product strategy.

Understand the phases of the product life cycle and strategic considerations at each phase.

Comprehend the concepts of robust design and its importance in production.

Recognize ethical considerations and environmentally friendly approaches in product design.

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Definitions:

Sociologists

Scholars who study society and social behavior by examining the groups, institutions, and processes that people develop and participate in.

Ethnomethodologists

Researchers who study the ways in which people create, maintain, and understand their social realities through everyday practices.

External Constraints

Factors outside an individual's immediate control that limit or influence their actions and decisions.

Social Structures

The complex pattern of relationships that shape any society. It determines how individuals and groups interact with each other, the roles they play in society, and how they are socially positioned.