Answer:
B) Relationship Behavior
Explanation:
Relationship Behavior is a part of customer relationship management (CRM) which guides behavior of people towards it's customers in a way so that the relationship can flourish.
<em>In this case,</em> what store owner did was a gesture of goodwill, trying to build a strong and healthy relationship with it's supplier. That will help the store itself in future.
Answer:
B. Supplies for $1,200
Explanation:
(A) The $2,700 balance in Supplies Expense represents supplies purchased in January. At December 31, there was $1,200 of supplies on hand.
The journal entry was incorrect, supplies account should have been debited, not supplies expense account.
Supplies expense for the year = beginning balance + purchases - ending balance of supplies account = $0 + $2,700 - $1,200 = $1,500
the adjusting journal entry should be:
Dr Supplies 1,200
Cr Supplies expense 1,200
