On April 1,Beta Company Purchased Office Supplies for $1,500

question 150

Essay

On April 1,Beta Company purchased office supplies for $1,500.At the end of April,Beta's employees 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.

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Definitions:

Job Satisfaction

Job satisfaction is the level of contentment and fulfillment a person feels towards their job, influenced by various factors like work environment, job role, compensation, and work-life balance.

McClelland's Motivation Theory

highlights the need for achievement, power, and affiliation as the key drivers of human motivation, influencing behavior in personal and professional contexts.

Need for Power

A personality trait characterized by a strong desire for influence, control, or authority over others or the environment.

Restore Equity

The act of rectifying or balancing out an unfair situation, ensuring fairness and justice in the distribution of resources or treatment.