Answer:
Debit 1,000 cost of goods sold.
Explanation:
Based on the information given what should the accounts do with the price change will be to DEBIT 1,000 COST OF GOODS SOLD.
Dr Costs of goods sold $1,000
Cr Inventory $1,000
[($50*$120)-($50*$100)]
(To record adjusting entry to reduce Inventory value under lower of cost or market value rule)
It is B: what to do in case of a fire
Answer:
A. $170,900
B. $20,300
C. $ 19,800
Explanation:
A. Accounting Equation ;
Assets = Equity + Liabilities
Therefore Equity = Assets - Liabilities
Total Assets - Caraway Seed Company
Current assets $ 48,800
Net fixed assets $ 248,800
Total Assets $ 297,600
Total Liabilities - Caraway Seed Company
current liabilities $ 28,500
long-term debt $ 98,200
Total $126,700
Equity = $ 297,600 - $126,700 = $170,900
B. Net working capital = Current Assets - Current liabilities
= $ 48,800 - $ 28,500
= $20,300
C. Net working capital = Current Assets - Current liabilities
= $ 48,800 - ( $18,500 + 10,500)
= $ 19,800
Indole is an end product created by the degradation of tryptophan
