Answer:
debit Accounts Payable—Jones, credit Merchandise Inventory.
Explanation:
When inventory is purchased on account, it increases the merchandise inventory balance along with the liability towards the payment.
When some inventory out of the above is returned, it decreases the inventory, and thus accordingly it is credited by the same.
Further it decreases the accounts payable by the same as such amount is not required to be paid.
Therefore, correct option is
Statement A
Reconciling your bank statement is simply comparing your records to your monthly banking statement sent to you by your financial institution for any discrepancies or errors
Answer:
Equivalent Units : 13,610
Explanation:
Beginning Inventory: 2,200 1/3 completion
Transferred o next department: 13,700
Ending Inventory: 1,300 1/2 completion
Equivalent Units
13,700 + 1,300 x 50% - 2,220 x 1/3% = Total Equivalent: 13,610
The units was
13,700 complete
and 650 equivalent units of ending inventory
And there was 740 equivalent units done in a previous period
Total Equivalent: 13,610
The correct answer is simulation training.
Simulation taining is being defined as having to exercise or
train the skills of individuals with the use of basic equipment or rather a
computer software by means of modelling a real world scenario that the
individual is training.