Answer:
Balance sheet:
Accounts Payable
-Liability
Property, Plant. and Equipment
-Asset
Long-Term Debt-Liability
Retained Earnings-equity account
Prepaid Expense
-Asset
Common Stock
-equity account
Accounts Receivable-Asset
Income statement:
Cost of Goods Sold-expense
Research and Development-expense
Explanation:
Property, plant and equipment , accounts receivable and prepaid expenses would appear on the asset side of the balance sheet.
Long-term debt and accounts payable are both liabilities since they are obligations owed to third parties while retained earnings and common stock are both equity account
Lastly,cost of goods sold and research and development cost are expenses in the income statement
The correct answer is "merchandise." "Merchandise" signifies the products that a company sells and that customers buy. Since the collective's focus is on which type of biscuit (not on the location of the store, or on the dog owners, or on the price of the biscuits), the retail strategy element concerns these products, or merchandise.
Answer:
Prepare journal entries for the transactions noted above.
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Yeah there is not question or upload up there
