After posting the journal entries from the journal to the ledger, the accounting equation should be in balance.

Sylvester, acting as a representative agent for Jerry, signs a negotiable instrument with the signature—Jerry, by Sylvester, agent. What kind of liability does Sylvester have for this type of signature?

A) He is not liable on the instrument. B) He is liable to the payee. C) He is liable to Jerry. D) He is liable to the HDC of the instrument.

Under the Sherman Antitrust Act, division of markets on a product line basis is a rule of reason

violation whereas division of markets on a geographic basis is a per se violation. Indicate whether the statement is true or false