Answer:
b. Materials 190,000 Accounts Payable 190,000
Explanation:
Materials may either be purchased on credit or by cash, When materials are purchased on credit, such materials are said to have been purchased on accounts.
The entries for cash purchases are ;
Debit Supplies/Inventory account
Credit Cash account
However, when the purchase is done on account, the credit entry goes to the accounts payable and not cash.
The answer is medium. In the communication process, a medium is a channel or system of communication. The means by which information or the message is transmitted between speakers or writer which is the sender and an audience which is the receiver. In addition, the communication media denotes to the means of transporting and receiving data or information. In telecommunication, these means are conduction and channels for data storage and conduction.
Answer:
d.$75,952 decrease
Explanation:
We simply use the Accounting Equation to determine the period's change in total liabilities.
So, the Accounting Equation states :
Assets = Equity + Liabilities
also
Assets - Equity = Liabilities
therefore,
($49,928) - $26,024 = Liabilities
(- $75,952) = Liabilities
conclusion
The period's change in total liabilities is $75,952 decrease
Answer:
$0
Explanation:
Since in the given situation there is a depreciation method change i.e. from the straight-line method to double-declining method so there would be no impact restrospectively.
Hence, there would be no cumulative impact as it creates the impact prospectively
So the impact would be zero
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