On January 1st, Great Designs Company Had a Debit Balance

question 34

Essay

On January 1st, Great Designs Company had a debit balance of $1,450 in the Office Supplies account. During the month, Great Designs purchased $115 and $160 of office supplies and journalized them to the Office Supplies asset account upon purchasing. On January 31st, an inspection of the office supplies cabinet shows that only $350 of Office Supplies remains in the locker. Prepare the January 31st adjusting entry for Office Supplies.

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Definitions:

Intrinsic Hand Muscles

The muscles located within the hand responsible for fine motor movements, including finger flexion and extension.

Flexor Muscles

Muscles that decrease the angle between two bones at a joint, typically described in the limbs.

Filium Terminale

A filament of connective tissue that extends from the conus medullaris to anchor the spinal cord in the coccyx.

Cauda Equina

A collection of nerve roots at the lower end of the vertebral canal, resembling a horse's tail, crucial for lower limb movement and pelvic organ function.