At the beginning of december, global corporation had $2,000 in supplies on hand. during the month supplies purchased amounted to $3,000, but by the end of the month the supplies balance was only $800. what is the appropriate month-end adjusting entry?

a. debit cash $4,200, credit supplies $4,200.
b. debit supplies $4,200, credit supplies expense $4,200.
c. debit supplies expense $4,200, credit supplies $4,200.
d. debit cash $800, credit supplies $800.

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Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses