Answer:
d. Debit Cost of Goods Sold $500.
c. Credit Merchandise Inventory $500.
Explanation:
The journal entry to record the cost of the sale is shown below:
Cost of Goods Sold $500
To Merchandise inventory $500
(To record the cost of the sale)
Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets
The lack of feasibility in doing repairs on the property inherited by Jim is called: incurable.
Incurable can be defined as any set of defects that is practically impossible for a property owner to fix, repair or cure, especially due to lack of maintenance and finance.
This ultimately implies that, incurable is a term that is associated with depreciation and it arises when the cost of repair of a property is far greater than the financial value of the property.
In conclusion, the lack of feasibility in doing repairs on the property inherited by Jim is called incurable.
Read more on incurable here: brainly.com/question/7986346
After Jeremy has made his sales
presentation and answered the prospect's objections, he says, "When would
you like to take delivery of the copier?" This is called a trial closing. <span>A Trial Close is not a normal 'closing technique' but a test to
determine whether the person is ready to close. It is use after a presentation or after a strong selling
point had made or when to answer objections.</span>
Answer:
The correct answer to this question is D) where it adds all the non cash entries related to a firm's operating activities.
Explanation:
A cash flow statement is a financial statement which shows how cash and cash equivalent are affected by change in the balance sheet accounts and income statements accounts, and cash flow shows this affect on cash and equivalent by breaking down the cash flow statement analysis in to operating , investing and financing activities.
The way in which operating activity now helps in adjusting the net income from balance sheet is by adding all the non cash entries, which are related to company's operating activities.
