Answer:
Adjusting Entry
Cost of goods sold (Dr.) $11,000
Beginning Inventory (Cr.) $6,000
Purchases (Cr.) $5,000
Closing Entry
Ending Inventory (Dr.) $2,000
Income Summary (Cr.) $2,000
Explanation:
The adjusting entry is made by debiting cost of goods sold account which reflects the amount of inventory sold during the month and the entry is credited by beginning inventory of $6,000 and the remaining amount which is $5,000 is credited in purchases account.
The closing entry is made by debiting the ending inventory by the amount of $2,000 and Income Summary account is credited by the same amount to close the inventory account.
C. Bar chart , It’s a better visual to see the different votes the classmates chose for their 4 field trip options.
Answer:
It will be demanded more or used more because as we advance in technology more people will start to use these new electronics so many people with get their eyesight ruined by the constant blue light their eyes are receiving which will lead to people getting laser eye surgery to fix their damaged eyes.
Explanation:
Answer:
- The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger.
- The account which the subsidiary ledger supports in the general ledger is called a control account.
- It is a supporting ledger that contains detailed information about a general ledger account.
- Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable.
Explanation:
A subsidiary ledger is defined as a supporting ledger that contains details of an account on the general ledger.
It gives a breakdown of the single amount that reflects in a general ledger account.
For example if the accounts payable account has a balance of $50,000, the subsidiary ledger will show the individual transactions that make up the $50,000.
Therefore the balance of the subsidiary ledger will equal the amount in the general ledger account.
According to liquidity preference theory, there is a rightward shift in the money supply curve when the federal reserve decides to raise the money supply.
Option A is the correct answer.
<h3>What is a federal reserve?</h3>
The federal reserve is the central banking authority in America which was established in the year 1913 under the Federal Reserve Act.
When the federal reserves increase the money supply then the money supply curve moves in the right direction and when the federal reserve decreases the money supply then the money supply moves toward the left. This shows a direct relationship between the federal reserve and the money supply curve.
Therefore, there is a rise in money supply by the Federal reserve causing the money supply curve to shift in the right direction.
Learn more about the rise in money supply in the related link:
brainly.com/question/26000265
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