During a Company's First Year, the Asset Account, Office Supplies

question 5

Multiple Choice

During a company's first year, the asset account, Office Supplies, was debited for $2,300 for the purchases of supplies. At year end, office supplies on hand were counted and determined to be $825. The proper adjusting entry crediting supplies will

• A)increase liabilities and decrease assets by $1,475.
• B)decrease assets and increase expenses by $825.
• C)increase expenses and decrease assets by $1,475.
• D)have no effect on net income or the accounting equation.

Appreciate the role of hypotheses or research questions in guiding content analysis research.

Discern the use of software in content analysis and its advantages and challenges.

Grasp how content analysis can aid in examining communication patterns and biases.

Learn the necessity and methods of data reduction in content analysis.