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.
Answer:
increase productivity in office setting
Answer: If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause: "d. revenues to be understated.".
Explanation: The income would be underestimated because the income of $2120 that corresponds to the service provided in the accounting period, must be recognized in the accounting period in which the economic events occur regardless of when the income of the funds occurs (accrual principle).
Answer:
C
Explanation:
you don't want to do A or b so with that it can't be D
Most time, the students who choose to attend a technical school will likely go to work in the trade.
<h3>What is a
technical school?</h3>
This refers to the schools are also known as technical colleges or institutes and offer an education that prepares students for a specific trade or career.
Most time, its issues a certification after studying a course that teaches certain education courses based on an occupational skill.
Among the options, the students who choose to attend a technical school will likely go to work in the trade.
Therefore, the Option A is correct.
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