A credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
<h3>What do credit do to liabilities?</h3>
In accounting, a credit is always been positioned on the right side of an entry and it effect is that it increases liability, revenue or equity accounts and decreases asset or expense accounts.
Because the state sales tax is seen as expenses, then, a credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
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Answer:
Cindy has more amount than Jimmy.
Explanation:
Amount invested by Cindy P = $3000
Annual rate of interest = 8%
As the amount is compounded semiannually
So rate of interest 
%
Time = 20 year
So time period n = 20×2 = 40
So amount own by Cindy 
$
Amount deposit by jimmy P = $3000
Annual rate of interest = 7.75 %
As the amount is compounded monthly
So rate of interest 
%
Time period = 20×12 = 240
So amount own by Jimmy
$
From the calculation we can see that Cindy has more amount than Jimmy.
Answer:
a. Debit Retained earnings $53,200; credit Dividends $53,200.
Explanation:
When we close the journal entries, we close all the temporary accounts such as revenues, expenses, and dividends. Closing means the balance of revenues, expenses, and dividends will be "0". To make "0" balance of any temporary accounts, we have to reverse the balance as normal balance. For example - Service revenue is a credit balance. If we close it, we have to make service revenue as a debit account. Similarly, to close the dividends account,
The journal entry to record the closing of dividends is -
Retained earnings (Debit)
Dividends (Credit)
Answer:
quality modification
Explanation:
In marketing, quality modifications refer to changes made on the product's characteristics to change its durability, perceive quality and dependability. Hopefully all quality modifications should be done to increase the product's quality, but they can also be done to offer cheaper versions also. Generally lower quality versions are made to appeal to broader markets.
In this case, the quality modifications are made to increase perceived quality and appeal not to a mass market, but instead to appeal to an upscale market.
Answer:
c
Explanation:
relocation is the moving of people from one place to another
