Answer:
d. Debit Cost of Goods Sold $500.
c. Credit Merchandise Inventory $500.
Explanation:
The journal entry to record the cost of the sale is shown below:
Cost of Goods Sold $500
To Merchandise inventory $500
(To record the cost of the sale)
Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets
Answer:
D
Explanation:
division of labor is the assignment of different parts of a manufacturing process or task to different people in order to improve efficiency. definition from g.o.o.g.l.e
His taxable income last year was -$276.11. He has a negative amount of taxable income because the exemption and the allowed deduction exceeds his annual gross income. Annual gross income must be decreased by the allowed deduction and the exemption to find the taxable income amount of a person. Taxable Income = Annual Gross Income - (Deduction + Exemption)
Answer:
d) increases, and the labor -force participation rate decreases
Answer:
both measures that can be used to measure standards of living because they are both measures of how much money people have.
Explanation:
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