Answer:
Accounts payable
Explanation:
In accounting, the term accounts payable refers to the money that is owed by a business to its suppliers, in other words, it refers to the business' short-term debts.
When merchandise is purchased on account and it is returned under the perpetual inventory system, the buyer would then debit accounts payable since it is money that the company would owe to the buyer.
Answer:
d. makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.
Explanation:
The debit balance of $1,200 in the Manufacturing Overhead account represents under-applied overhead. To ensure that the Cost of Goods Sold is accurate, the debit balance is debited to the Cost of Goods Sold while the corresponding credit goes to the Manufacturing Overhead account.
Answer:
True
Explanation:
In industry, inventory buildups are cancelled with increased sales and marketing activities, which attract rewards and punishments. This is why it is always a taboo to observe idle workers. Idle workers cost the entity much in expenses. Workers are employed based on productivity and profitability indexes. There is no business entity that employs workers for the fun of employment.
Answer:
Infrastructure as a service
Explanation:
