The journal entry that is needed to record the needed adjustment is;
Cost of Goods sold: 1,000 debit
Merchandise Inventory: 1,000 credit
When making the journal entry the company needs to adjust for the lower amount of merchandise that they have. Then the cost of the goods that were sold needs to be debited. Lastly, the merchandise inventory is credited.
It is imperative that all companies keep an updated journal. This helps to keep the balances correct. If the company has an audit and the adjustments aren't made correctly they could be fined.
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Answer:
1. Customer Satisfaction.
2. Quality of the Product.
3. Price.
4. Taste & Preferences.
5. Brand Image.
6. Brand Reputation.
7. Brand's Goodwill among the customers.
8. Word of Mouth Publicity given by Existing Customers.
Answer:
#1 Former name was the American Industrial Arts Association (AIASA)
#2 Founded in November 19, 2001 and it was formed in response to the September 11 attacks to prevent from future events of that type.
#3 "Learning to lead in a technical world."
#4 " TSA's mission is to protect the nation's transportation systems to ensure freedom of movement for people and commerce"
