1) demand deposit account.
2) Computer software.
3) Saved for emergencies.
4) A job.
5) It's far more difficult to manage an account electronically.
6) Checks written after the statement closing date wouldn't appear on the statement.
7) When a check is drawn for more than the balance, the rest comes from a credit card account.
8) The account holder does not need to record the amount of the purchase in his or her check register.
9) All the above.
10) Easier.
<u>Answer:</u>
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Answer:
The total cost of goods sold = $70,000
Explanation:
Given:
Initial inventory at the start of the year for Jackson Co. = $20,000
Total cost of purchases made during the year = $80,000
Inventory remaining at the end of the year = $30,000
Solution:
Total inventory for Jackson Co. during the year = 
Inventory remaining at the end of the year = $30,000
The cost of the goods sold can be calculated by subtracting the remaining inventory from the total inventory.
Thus, cost of goods sold can be given as :
⇒ 
⇒ 
The total cost of goods sold = $70,000
