This transaction will affect the financial statement by: Increase inventory and increase accounts payable.
<h3>Financial statement:</h3>
Assuming the company purchased merchandise inventory on account of the amount of $8,500 using the perpetual inventory method the effect of the transaction on the financial statement is: Inventory will increase by $8,500 and accounts payable will increase by $8,500.
The company inventory will increase due to the purchase they made while the company accounts payable will increase because the company purchased the goods on credit which simply means that they are yet to pay their suppliers.
Inconclusion this transaction will affect the financial statement by: Increase inventory and increase accounts payable.
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Answer:
The most appropriate technique to teach the workforce would be "Cognitive Reappraisal".
Explanation:
"Cognitive Reappraisal" is a technique for managing emotions that involves an individual, realizing and accepting he has no control over a situation, and then choosing to think about the situation in a way which helps to create a positive emotional response rather than a negative one.
This technique will help the workforce regulate emotions more effectively.
Answer:
Balance after adjustment will be a credit of $90,000
Explanation:
<em>Particulars Amount</em>
Non-collectible accounts $108,000
Credit balance <u>$18,000</u>
Balance Adjustment <u>$90,000</u>
Balance after adjustment will be a credit of $90,000
Note: Non-collectible accounts = 2% * $5,400,000 =$108000