The Beginning Balance in the Supplies Account Was $3,000

question 102

Essay

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) $1,500
B) $25,000
C) $26,500
D) $3,000

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

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Definitions:

Reacting

The process of responding to stimuli or events in the environment.

Learned Helplessness

A condition resulting from the belief that one has no control over their environment, often leading to decreased motivation and depression.

Unsolvable Problems

Issues or challenges that cannot be resolved or fixed, often due to their inherent complexity or constraints.

Biological Constraints

Limitations on learning that result from biological factors rather than from experience or environment.