Answer:
The adjustment at month-end is :
Supplies Expense $400 (debit)
Supplies $400 (credit)
Explanation:
The Supplies Account is an asset Account that decreases as the supplies are used in the business.
The use of supplies prompts the recognition of an <em>expense</em> and de-recognition of an <em>asset</em> as follows :
<em>Supplies Expense $400 (debit)</em>
<em>Supplies $400 (credit)</em>
Answer: 
GDP contribution is $6.
Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.
Using the value added method, we can calculate GDP by summing up the value added at each level of production.


Or
Using the expenditure approach, GDP is the market value of the final good sold to the customer.
GDP = Cost of bread to the engineer = $6
good debt is for buying assets : things that will be worth more in the future
bad debt is for buying liabilities : things that will be worth less in the future
Answer:
B)Perpetual inventory systems require more detailed inventory records.
Explanation:
Under the <em><u>Perpetual inventory system</u></em>, every time a good is sold the cost of goods sold (COGS) needs to be determined. That is the reason the details are so important.
Many times it varies because different units in inventory were purchased at different prices and times. <em>Inflation </em>might be a factor the prices changes too.
However, in the <u><em>Periodic inventory system</em></u>, (COGS) is determined at the end of the accounting period, so the person in charge of keeping the records usually checks the <em>Inventory</em> account at the end of the year to know COGS.