Answer:
A general lien is one placed against any and all real and personal property owned by a particular debtor. An example is an inheritance tax lien placed against all property owned by the heir. A specific lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.
Explanation:
Answer:
d. inventory has limited value after a certain period of time.
Explanation:
Under the single period model, the companies ordered bulk quantities at a one time when there is a seasoned demand also the taste and the preference of the consumers varies from time to time
Therefore in the given option, the option d is correct as it remains with the limited value after the specific period of time
So, the other options are wrong
The journal entry for the provided transaction is recorded by debiting the office supplies and crediting the cash with equal amounts of $870.
<h3>What is a journal entry?</h3>
A journal entry is an entry passed in the book of the journal to record the financial transactions of a company.
The journal entry is recorded as follows:
Date Particulars Debit Credit
Jan 12 Office supplies 870
Cash 870
(To record the purchase of office supplies in cash)
The complete question should be as follows:
On January 12, JumpStart purchased $870 in office supplies. (a) Journalize the transaction as if JumpStart paid cash.
Therefore, the journal entry is described and recorded as above.
Learn more about the journal entry in the related link:
brainly.com/question/14985188
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Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
Answer:
B. Group By operator
Explanation:
Hope this helps and have a nice day :)
