At January 1, 2023, Brasel Corporation had supplies on hand…

At January 1, 2023, Brasel Corporation had supplies on hand of $2,000. During the year, the company purchased supplies at a cost of $18,000.  At December 31, 2023, supplies on hand are $2,500.  Supplies expense for the year ending December 31, 2023, is

For the following journal entries, describe the transaction…

For the following journal entries, describe the transaction that took place for this journal entry to be recorded. Assume it is from the perspective of Freezy-Freeze Inc and that each transaction is independent of another.    Dr. Accounts Receivable 2,300             Cr. Revenue                            2,300

For the following journal entries, describe the transaction…

For the following journal entries, describe the transaction that took place for this journal entry to be recorded. Assume it is from the perspective of Freezy-Freeze Inc and that each transaction is independent of another.    Dr. Short-term Investment 5,000                         Cr. Cash          5,000