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A review of the accounting records discovered that wages in the amount of $795 had been incorrectly recorded by debiting supplies expense in the amount of $975. Which of the following entries will correct the ledger accounts?
Free Trade Arrangements
Agreements between countries that reduce or eliminate barriers to trade, such as tariffs and import quotas, to promote economic cooperation.
WTO
The World Trade Organization, an international body that deals with the rules of trade between nations, aiming to ensure that trade flows smoothly, predictably, and freely.
NAFTA
The North American Free Trade Agreement; a treaty between the United States, Canada, and Mexico that eliminated most tariffs on trade between them.
European Union
A political and economic union of 27 European countries that have agreed to follow common economic, social, and security policies.
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