Decrease and the quantity to decrease
Answer:
Explanation:
The adjusting entry is shown below:
Supplies expense A/c Dr $1,000
To Supplies A/c $1,000
(Being supplies are adjusted)
Since in the question, it is given that the supplies were purchased at $4,000 and in hand it was $3,000 so, the remaining balance i.e $1,000 ($4,000 - $3,000) would be adjusted to the supplies expense account.
Answer: - Find out why they didn't come back; Work on feedback; Be Creative; Maintain a good customer relationship
Explanation:
Handling businesses is a great task for any business owner or entrepreneur. When the sales no longer cone in as they do, many owners tend to quit and move on to something else, here are four ways or things owners can do to regain their loyal customers;
- Find out why they didn't come back; this can be done by carrying out a questionnaire, and sending them to the customer's.
- Work on feedback; when they respond to the questionnaire, it's time to work on what they complain about.
- Be Creative; whatever their feedback would be it'll be advisable to employ creativity to what you've been doing and do them better.
- Maintain a good customer relationship; this helps you be in the same phase with your customers.
Answer:
The question posted is seemingly incomplete and needs further information to be completed.
Firstly, a trial balance is a statement proving whether or not the double-entry principle has been applied correctly. It is a statement with all the debit and credit balances of all the accounts on record. The double-entry system is proven correctly when the total of the debit balances equals the total of the credit balances.
Secondly, an income statement is statement showing the financial performance or disposition of a business over a period of time. The income statements shows the balances of all the income accounts (Sales, Interest income, Rental income, etc.) and the expense accounts (Cost of Sales, Rent expense, Depreciation, etc.). The income statement will then show either a net profit or net loss once the total expenses are subtracted from the total income.
Explanation:
To help you with the exercise in drawing up a trial balance and an income statement, please find attached a template example of each and use the template example to help you further.
Answer:
net income increase = $ 100,000
Explanation:
Find the attachment