If a customer happens to pass the account must be shut down. Nothing can be done until found appropriate by someone showing proper documents which would then transfer the account into the name of an executor. The documents can be a death certificate, the will, or inheritance tax waivers
The short-term liability in the scenario is BEST described as <em>E. a trade credit.</em>
Trade credit involves the extension of the payment date for a business transaction. The 10% discount offered by the supplier to Yolanda's curtain business within the discount period of 15 days is a financial inducement to enable Yolanda to <em>pay on time.</em>
Thus, within the credit period, the short-term liability that Yolanda's business bears is known as a trade credit,<em> not an account receivable, a line of credit, a factor, or a loan.</em>
Answer Options:
A. an account receivable
B. a line of credit
C. a factor
D. a loan
E. a trade credit
Learn more about trade credit here: brainly.com/question/25697850
Answer:
$6,076
Explanation:
the journal entries are:
May 5, merchandise purchased on account
Dr Purchases 90,160
Cr Accounts payable 90,1600
May ?, defective merchandise returned
Dr Accounts payable 6,076
Cr Purchases returns 6,076
When a company uses the periodic inventory system, it will use the purchases returns account to record any merchandise returns. When it uses a perpetual system, the merchandise inventory account is directly debited (when a purchase is made) or credited (when merchandise is returned).
<span>The answer is "supervisors and independent contractors." These workers are exempt from the labor law protections because they have more leverage in deciding their working conditions, or in the case of domestic workers, have an occupation that by its nature requires certain hours.</span>