Prices in the market would Lower the price
Answer: Consumer
Explanation:
If you are asking about what the economic term for any person who uses goods or services is, it is already included in your statement.
The person is a consumer as a consumer is the economic term for an entity that acquires goods and services whether freely or otherwise to use them for something be it personal or business in nature.
Answer:
The answer is B.The entrepreneur role.
Explanation:
Explanation:
The adjusting entry is as follows:
Supplies expense A/c Dr $370
To Supplies A/c $370
(Being supplies account is adjusted)
The Supplies expense is calculated below:
= Beginning Supplies balance + purchase an additional office supplies - supplies on hand
= $500 + $3,500 - $950
= $3,050
Simply we debited the supplies expense account and credited the supplies account for $3,050
