During the first year of Sheffield Corp.'s operations, all purchases were recorded as assets. Supplies in the amount of $28000 were purchased. Actual year-end supplies amounted to $7100. The adjusting entry for store supplies will

tell them not to name the burger a cheese burger

answeri believe this is (true );

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.

false is correct i hope.

i might be