To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.
<h3 /><h3>What is adjusting entry?</h3>
An adjusting entry is the entry that is posted after the posting of all the journal entries for a period, all the transactions are posted and then at the end of the period the adjusting entry is recorded.
The adjusting entry balances and effects the balance of the assets, liabilities, revenue and expenditure at the end of the period.
Adjusting entry is also posted when the reversing effect of the journal entry is to be posted and this results in the change of the account balances of assets and liabilities of the company.
The balance sheet and income statement is prepared after the posting of journal and adjusting entries.
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Answer:
c. is an institution that brings together buyers and sellers.
Explanation:
A market: is an institution that brings together buyers and sellers.
In mainstream economics, the concept of a market is any <u>structure that allows buyers and sellers to exchange any type of goods, services and information. </u>The exchange of goods or services, with or without money, is a transaction.
Furthermore it can be said to be any place where sellers of particular goods or services can meet with buyers of those goods and services by creating the potential for a transaction to take place.
Answer:
The correct answer are: Hypodermis and subcutaneous layer; areolar and adipose tissue; stabilizing position of the skin.
Explanation:
- The hypodermis, also called subcutaneous tissue, or superficial fascia, is the lowest layer of the integumentary system in vertebrates. The types of cells found in the hypodermis are fibroblasts, fat cells and macrophages. It derives from the mesoderm, but unlike the dermis, it does not derive from the dermatome in the region of the mesoderm. The hypodermis is mainly used to store fat.
- Areolar connective tissue: It is one of the most widely distributed. It contains cell types such as fibroblasts, macrophages, plasma cells, mast cells and white blood cells. It consists of collagen, elastic and reticular fibers. The main substances it contains are hyaluronic acid, chondroitin sulfate. This type of tissue is part of the subcutaneous tissue.
- Adipose tissue: It is composed of a cell type called adipocira that store triglycerides. It is associated with areolar tissue. It acts as an insulator to prevent heat loss. It is the main source of energy and provides support and protection to various organs.
Answer:
The cash disbursements for merchandise in February is $11680
Explanation:
The cash disbursements for merchandise in February will include the payment for 60% of merchandise purchases for January and 40% of merchandise purchases for February.
The amount of January purchases to be paid in February = 0.6 * 11600 = 6960
The amount of February purchases to be paid in February = 0.4 * 11800 = 4720
The total amount of cash disbursements in February fro merchandise is,
6960 + 4720 = $11680
