Umhow are we supposed to help u with this?
Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done
Answer:
$40,000
Explanation:
If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.
Answer:
Frictional unemployment cannot by itself explain the fact that the late 2010s saw more job openings than unemployed workers.
Instead, frictional unemployment points to the fact that some people are unemployed because they are just entering the labor market for the first time after a long period of absence.
Explanation:
As a part of natural unemployment, frictional unemployment arises when workers search for new jobs or transition from one job to another. During economic recession, there is no increase in frictional unemployment. Typical examples of frictional unemployment are caused by graduating students who join the labor force and are unemployed until they find work and parents who rejoin the workforce after taking sometime to stay at home and raise their children.
