The Green Grape Company's Office Supplies account had a beginning balance of $12,000. During the month, purchases of office supplies totaling $8,000 were added to (increased) the Office Supplies account. If $5,000 worth of office supplies is still on hand at month-end, what is the proper adjustment?

Dr Office supplies expense $15,000

Cr Office supplies $15,000

Explanation:

Given the above information, we can compute the proper adjusting entry as;

= ( Transfer $12,000 + $8,000 - $5,000)

= $15,000 from office supplies expense

Therefore, the proper adjusting entry is;

Dr Office supplies expense $15,000

Cr Office supply $15,000

answer; communication channel;

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi