Answer:
Date Account Title Debit Credit
Dec. 31, 2019 Lease Receivable $97,001
Cost of Goods sold $67,000
Sales Revenue $97,001
Inventory $67,000
Date Account Title Debit Credit
Dec. 31, 2019 Cash $22,879
Lease Receivable $22,879
Answer:
Overstatement of Assets and liabilities.
Explanation:
Collection of cash results in journal entry of debiting cash with corresponding credit to accounts receivable thus reducing the accounts receivable.
Erroneous credit to accounts payable instead of accounts receivable results in overstatement of assets and liabilities.
A course of Action undertaken by the federal Reserve to constrict spending in Any economy that is seem to be growing too Quickly or to curb inflation when it is rising to fast
Answer:
a. When price of leather belts rose, the leather belt sellers increase their quantity supplied of leather belts.
Explanation:
Law of supply: The increase in price of goods increases the quantity supplied of the same good, keeping all other factors constant.
This means if the price of good increases, the producers tend to produce more of such goods. Thus, the quantity supplied in the market for such good also increases.
Here,
The price of leather belt increased which convinced the producers of leather belts to increase the level of production. This increased the quantity supplied of leather belts in the market.
<span> The factor that supports maintaining a dual income is
opening a joint bank account
by this only you can support dual income
so correct option among above is D
hope it helps</span>
