If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the
1 answer:
You might be interested in
Answer: a) Debit to Office Supplies for $81.
Explanation:
Office Supplies of $81 were used in the month of September. When replenishing the fund, this asset will be accounted for by being debited and cash will be credited to reflect the reason the cash account is being reduced.
The Journal entry for the replenishment will be;
DR Office supplies Account ......................................$81
DR Merchandise inventory Account ........................$153
DR Misc. expense Account........................................ $30
CR Cash account ......................................................................$264
