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

question 10

Essay

On April 1,Balsa Company 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.

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Definitions:

Gram-negative

Refers to a group of bacteria that do not retain the crystal violet stain used in the Gram staining method of bacterial differentiation but are colored red or pink.

Gram-positive

Refers to bacteria that retain a primary stain and appear purple under a microscope after a Gram staining procedure, typically having a thick peptidoglycan layer.

Laboratory Test

A procedure carried out under controlled conditions to determine the effectiveness, safety, or composition of a substance.

Gram-negative

Refers to bacteria that have a specific cell wall structure which does not retain the crystal violet stain used in Gram's method of staining; often associated with higher resistance to antibiotics.