The exactly hunterriverpei.com would be option C, as soon as the price that a great decreases, sellers produce less the the good.

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Explanation:

According come the regulation of supply, as soon as the price that the product increases, the amount supplied also increases.

This theory argues that there is a direct relationship in between the price the the product and the quantity offered of the product. So once the price the a good decreases, sellers create less the the good.


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On march 31, 2018, basic Rental agency Inc."s psychological balance included the adhering to selected unadjusted account balances. The comp

hunterriverpei.com:

1)

Dr Depreciation price 1,226

Cr accumulated depreciation 1,226

2)

Dr Unearned revenue 6,487

Cr rental revenue 6,487

3)

Dr Interest expense 600

Cr Accrued interest 600

4)

Dr Supplies expense 1,960

Cr provides 1,960

5)

Dr Insurance expense 3,618

Cr Prepaid insurance allowance 3,618

6)

Dr earnings tax price 2,600

Cr income tax pahunterriverpei.comble 2,600

Explanation:

March 31, 2018

Prepaid insurance money $14,740 - 3,618

Supplies 2,900 - 1,960

Equipment 22,100

Accumulated depreciation-equipment 5,680 + 1,226

Unearned revenue 9,730 - 6,487

interest pahunterriverpei.comble 600

Income taxes pahunterriverpei.comble 2,600

Loan pahunterriverpei.comble, due 2020 20,000

Rent revenue 30,900 + 6,487

Salaries expense 14,500

depreciation price 1,226

interest cost 600

Supplies expense 1,960

Insurance expense 3,618

Income tax expense 2,600

1. The equipment, which to be purchased top top January 1, 2017, is approximated to have actually a valuable life of 4 years. The company uses straight-line depreciation.

depreciation per year = $22,100 / 4 = $5,525

depreciation cost up come March 31, 2018:

$5,525 x 1.25 = $6,906.25 ≈ $6,906

adjustment entry = $6,906 - $5,680 = $1,226

Dr Depreciation price 1,226

Cr built up depreciation 1,226

2. One third of the unearned revenue regarded rent is quiet unearned at the finish of the quarter.

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adjusting entry = 9,730 - (9,730 x 1/3) = $6,486.67 ≈ $6,487

Dr Unearned revenue 6,487

Cr rent revenue 6,487

3. The loan pahunterriverpei.comble has actually an interest rate of 6%. Attention is payment on the very first day that each following month and was critical paid in march 1, 2018.