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natita [175]
2 years ago
13

Which of the following journal entries represents an increase in accounts payable correctly

Business
1 answer:
PtichkaEL [24]2 years ago
8 0

Answer:

C) Inventory xxx Accounts Payable xxx

Explanation:

Accounts payable is a liability, and a liability always has a credit balance, as the amount is due to them. The company needs to pay them back.

Accordingly the company buys inventory and the inventory is an asset and thus, the company will debit the inventory account.

Whenever any purchases are made, or any service is utilized on credit then the company creates an accounts payable as a liability as against it.

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Michelle Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the
Gre4nikov [31]

Answer:

The solution is given in the table file attached below

Explanation:

Download docx
8 0
3 years ago
People generally file for bankruptcy because they:
valentina_108 [34]
The correct answer is A) Have more debt than they can pay because there are laws, generally by the state, that limit when people can file for bankruptcy. You are not allowed to file for bankruptcy unless you are unable to afford your debts. Choices B, C, and D, along with being illegal, are also unethical, especially in terms of business.
3 0
3 years ago
____ is a method for overcoming resistance to organization change. a. Automation b. Centralization c. Management by exception d.
DedPeter [7]

Based on the information given, it can be deduced that the method of overcoming resistance that's illustrated is known as D. Force-field analysis.

Force-field analysis simply means the framework of looking at the factors that resulted in a particular situation. It's vital in knowing the root cause of an issue.

It should be noted that force-field analysis can either drive the movement towards a goal or block the goal. It's a method for overcoming resistance to organizational change.

Learn more about an organization on:

brainly.com/question/24398796

6 0
2 years ago
What is a disadvantage of the payback method?
HACTEHA [7]

The statement " It eliminates the inflows of cash earned following the payback period and time value of money" is the disadvantage of the payback method

The payback period is the period thats tells the time period in which the initial investment that was made should be recovered.

It is to be measured in years normally.

For finding the disadvantage, we need to find out the following information related payback period

  1. It is easy to calculate
  2. The cash flows earned after the payback period should not be used
  3. There is no requirement to determine the present value factor for measuring the payback period.
  4. Also, it does not use for distinct cheap projects from lower ones

So this is the reason this method ignored the times value of money

Therefore, we can conclude that, the correct option is b.

Learn more about the payback method here: brainly.com/question/16255939

5 0
3 years ago
Bronn and Jaime make a written contract where Jaime will sell Bronn his armor and sword for $1,200.
satela [25.4K]

Answer: Mirror image rule

Explanation:

It should be noted that the contract formation defenses are fraud, illegality, incapacity, unconscionability, duress and statute of Frauds.

The mirror image rule is not among the defense to the formation of w contract. It implies that an offer should be accepted with no changes made to the offer.

8 0
3 years ago
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