Answer:
Explanation:
The adjusting entry is shown below:
On December 31
Supplies expense A/c Dr $6,660
To Supplies A/c $6,660
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies balance - supplies on hand
= $8,780 - $2,120
= $6,660
We simply debited the supplies expense account and credited the supplies account for $6,660
The correct answer would be option A, you will simply have to pay some penalty fees.
If you fail to pay your annual taxes, you will simply have to pay some penalty fees.
Explanation:
People who earn income in a country are liable to pay a certain amount from their income as taxes to the government for enjoying the services given by the government to the citizens.
If you have filed for your taxes and then you are unable to pay them, then the Internal Revenue Service will charge you a failure to pay penalty. You will have to submit the penalty fee along with the taxed amount as soon as possible.
Learn more about Purpose of Taxation at:
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The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.
Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.
However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.
Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.
Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.
Read more about these Card here
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Answer:
Points along and inside the PPF (Production Possibilities Frontier)
Explanation:
PPC stands for Production Possibility Curve, which measures or evaluates the maximum output of the two goods and that is using the fixed amount of input.
The point on the curve states how much or amount of each good is to produced when the resources are shifted or moved from making more of one good or less of the other one.
Therefore, the attainable production points on the PPC are the points that are inside and along the production possibilities Frontier (PPF).
