Supplies at the beginning of the year totaled $2,000. during 2021, additional supplies of $18,000 were purchased, and the entire amount was debited to supplies. supplies remaining at the end of the year total $4,000. record the adjusting entry for supplies at its year-end of december 31.

In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak