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Use the Substitution Method to Solve the System 9x+y=79x+5y=1\begin{array} { l } 9 x + y = 7 \\- 9 x + 5 y = - 1\end{array}

question 86

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Use the substitution method to solve the system.
- 9x+y=79x+5y=1\begin{array} { l } 9 x + y = 7 \\- 9 x + 5 y = - 1\end{array}

Recognize the impact of inventory transactions on financial statements.
Understand and apply the concepts of sales returns, allowances, and estimates in financial accounting.
Calculate and apply appropriate journal entries for merchandise sales and purchases.
Understand the concept of inventory shrinkage and how to account for it.

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