Answer:
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Answer:
Strategic Plan
Explanation:
The strategic plan is the long term plan which mostly encompasses 3-5 years and is the objective of the company which it tries to achieve in this duration. The strategic plan is alligned with the mission and values of the organization to ensure the right path the company is directed.
Which of these economic goals is most important in a traditional economy?
A. Growth
Answer and Explanation:
The correcting journal entries are shown below:
a. Cash Dr $774
To account payable $774
(Being purchase of supplies on account is recorded)
b. Wages expense Dr $475
To rent expense $475
(Being wages expense is recorded)
c. Account payable $396
To Supplies $196
To cash $200
(being cash paid is recorded)
These 3 correcting entries should be recorded