Line graphs are best used to show facts and ?gures

Indicate whether this statement is true or false.

FALSE

Business

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On December 31, 2011, salaries owed to employees total $2,350 and will be paid on January 4, 2012. The adjusting entry prepared on December 31, 2011, includes a:

A. debit to Salary Expense for $2350 B. debit to Salary Payable for $2,350 C. credit to Cash for $2,350 D. credit to Salary Expense for 2350

Business

One year many customers' machinery wears out and needs to be replaced. The following year no customers need new machinery. This is an example of ________ demand

A) inelastic B) fluctuating C) elastic D) consumer E) static

Business