Answer:
both
Explanation:
an entrepreneur primarily does the first, but the second is true because taxes are collected on materials which are sold.
Answer: Employment status.
Explanation:
Nominal values are values that can't be measured by the use of numbers such as is done in measuring age or counting academic achievements. Nominal values covers aspects such as; gender and employment status which is not measured in numbers.
Yes it is correct the chart is increasing
Answer:
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640
Explanation:
Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.
January 2, 2020
Dr Cash $52,000
Cr Sales Revenue $52,000
December 31, 2020
Dr Warranty expense $890
Cr Cash $890
December 31, 2020
Dr Warranty expense$640
Cr Warranty Liabiltiy $640