<span>Grassroots politics is a political campaigns works the way it uses face to face communications by citizens to gain interest and momentum.</span>
Answer:
Debit Supplies expense $5,661
Credit Supplies account $5,661
Explanation:
At the time of purchasing supplies, the entries includes a debit to supplies accounts, and a credit to cash or accounts payable which is dependent on whether the cash purchased was done via cash or an account
For supplies used, debit supplies expense and credit supplies account. The movement in supplies account over a period is due to purchases and its expressed as;
Opening balance + Purchases - Supplies used = closing balance
$1,693 + $4,413 - Supplies used = $445
$6,106 - Supplies used = $445
Supplies used = $6,106 + $445
Supplies used = $5,661
Answer:
Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr
Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr
Explanation:
Unrealized holding loss - Income (purchase commitments) $ 52,900 Dr
Estimated liability on purchase commitments ( $ 1,001,800 - $ 948,900 ) $ 52,900 Cr
Answer: a) increase in the demand for bagels
If muffins and bagels are substitutes, a higher price for bagels would result in a(n)
a) increase in the demand for bagels
b) increase in the demand for muffins
c) decrease in the demand for muffins
d) none of the above
b) increase in the demand for muffins
