Explanation:
The journal entries are shown below:
a. Inventory Dr $23,500
To Account payable $23,500
(Being inventory purchased on credit)
b. Account payable Dr $4,200
To Purchase return $4,200
(Being the return of the inventory is recorded)
c. Account payable Dr $19,300
To Cash $19,300
(Being the payment of the invoice is recorded)
B. The root ben, bien, or bien is essentially latin for good. Therefore the person that receives the good is the beneficiary.
Answer:
The Peter's Group originated four years ago, and since then, the company has grown each year. Management has focused on making sure that the organization's strategic goals cascade down through the organization so that the employees can work together in pursuit of common ends. Peter's Group is using aligned goals in their organization.
Explanation:
Aligned goals is what organizations do in order to gather all the forces towards the achievement of common objectives.
Answer:
A trust created while a person is still alive is called a Living Trust. The Living Trust is created when one person, a Grantor, places property into the trust.
Explanation:
Answer:
(C) Unaffected.
Explanation:
This is a change in estimate. No prior period adjustment is needed.
