C is a good way to avoid senior slump. Enrolling in AP classes gets you motivated for the future and keeps you on your toes. You don't want to sacrifice anything during your senior year, like your sports. It's important to work as hard as you can so at the end you can feel accomplished
The journal entry to record this transaction consists of a: debit of the purchases account for $21400 and credit the accounts payable account for $21400
<h3>How to enter a transaction in a journal?</h3>
We are told that a company purchased $21,400 of supplies on credit.
Now, it is vital to note that in a journal, there is the credit column and also the debit column.
Now, the way we carry out recording the Journal Entry for a Credit Purchase is that;
When a business purchases goods or services on credit, the business will then debit the purchases account, which will increase the business’s assets.
The business will also credit the accounts payable account, which will increase the business’s liabilities.
Thus;
The journal entry to record this transaction consists of a: debit of the purchases account for $21400 and credit the accounts payable account for $21400
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In maximizing profits (or minimizing loss), a single-price monopolist will charge a price that is greater than the marginal cost.
<h3>
Who is a monopolist?</h3>
A monopolist is usually a term used to refer to a business entity that solely controls the market of a certain product or service without any competitor. In the case of a single-price monopolist, if they charge a price that is greater than marginal cost is the most viable option to maximize profit.
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Red because it has the lowest wavelength so it has the lowest energy.