Answer:
a. 
Date                   Account Title                                     Debit                   Credit
XX-XX-XXXX     Raw materials inventory              $90,000
                            Accounts Payable                                                    $90,000
b. 
Date                   Account Title                                     Debit                   Credit
XX-XX-XXXX     Work in Process Inventory           $64,000
                            Raw materials inventory                                          $64,000
c. 
Date                   Account Title                                     Debit                   Credit
XX-XX-XXXX     Work in Process inventory            $30,000
                            Wages Payable                                                         $30,000
d. 
Date                   Account Title                                     Debit                   Credit
XX-XX-XXXX     Work in Process Inventory             $20,000
                            Manufacturing overhead                                         $20,000
 
        
             
        
        
        
Answer:
Option a and b 
Option C                 
Explanation:
A . In simple words, price control refers to the  limits on the rates that can be paid for good and services produced in a marketplace that are set up and imposed by central govt. 
The purpose behind these restrictions may derive from the need to preserve the availability of products even through skills shortages, and to further delay inflation, or, instead, to help ensure a guaranteed minimum income as well for manufacturers of such products or to seek to obtain a decent living wage.
B. In simple words, due to printing of new currency the supply of money ion the  market would increase which will lead to inflation in the economy which will further lead to loss in value of the existing money in hand on the individuals.
 
        
             
        
        
        
Answer:
net income = $31,500
Explanation:
given data 
collect tailoring fees = $43,300
paid expenses = $12,300
Depreciation expense=  $2,500
Accounts receivable =  $1,050
supplies increased = $4,300
liabilities increased = $2,350
to find out
 accrual basis net income 
solution
we get here net income by given expression that is 
net income = tailoring fees - expenses paid + account receivable + supplies increased - liabilities increased - Depreciation expense .......1
put here value 
net income =  $43,300 - $12,300 + $1,050 + $4,300 - $2,350 - $2,500 
net income = $31,500
 
        
             
        
        
        
Answer:
a. Profit(loss) = Total revenue - Total expenses 
= 131,000 - 90,500
= $41,000
The company did in fact generate<u> profit of $41,000 </u>and this can be shown from the Income Statement which is where profit or loss is calculated. 
b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:
Assets = Cash + Accounts Receivable + Supplies 
= 30,800 + 25,300 + 40,700
= $96,800
Liabilities are just the Accounts Payable of $25,700.
<em>Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities. </em>
This information comes from the <u>Balance Sheet</u> which is where assets and liabilities are shown.