You should sturter allot or say the same word over again
Answer:
Explanation:
Starbooks Corporation
Trial balance as at September 30, 2018.
Account. DR. CR
Accounts Payable $603
Accounts Receivable $303
Acc Depreciation $903
Cash $303
Common Stock $203
Deferred Revenue. $203
Depreciation Expense $303
Equipment. $3,203
Income Tax Expense $303
Interest Revenue $103
Notes Payable (long-term) $203
Notes Payable (short-term) $503
Prepaid Rent $103
Rent Expense $403
Retained Earnings $4,570
Sal. & Wages Exp. $2,203
Service Revenue $6,209
Supplies $503
Supplies Expense $203
Travel Expense $2,603
Total. $12,100 $12,100
The retained earning balance that would be reported in the balance sheet at the end of September is $4,570
False. You don’t have to change it
Answer:
$3,028
Explanation:
As we know that
The inventory should be valued at cost or net realizable value which ever is lower
(A) (B) (A × B)
Product Quantity Lower value of cost or NRV Amount
Gloves 16 $121 $1,936
Shoes 26 $21 $546
Hats 13 $42 $546
Total amount $3,028
Hence, the inventory recorded amount is $3,028
This is a territorial restriction.
It even says in the text - territorial restriction refers to when a certain company forbids another company to sell its products in a certain location, because it will interfere with the first company's profits. The same thing happened here, because they don't want any competition on the market.