Answer:
Following would be the journal entry for purchase of office supplies;
Office Supplies A/C Dr. $2500
To Cash A/C $800
To Accounts Payables A/C $1700
(Being office supplies purchased partly for cash, partly on credit, being recorded)
Purchases is a nominal account so the rule which applies is, debit all expenses and credit all incomes and gains.
Cash is also a real account so the principle which applies is, debit what comes in and credit what goes out.
Accounts Payable is also a real account so the same principle applies, as for cash.
Answer:False
Explanation: fixed man OH isn't included in the calculation for unit product cost
Answer:
c adding a watermark they cannot remove it if they copy picture off the internet.
Answer:
a. he or she has not ratified the contract on reaching majority.
Explanation:
Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.
In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.
Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.
