Describe How Manufacturers Produced Parts from Hand Sketches or Hand

question 36

Essay

Describe how manufacturers produced parts from hand sketches or hand drawings on blackboards in the 1800s and how these sketches and drawings were used. Also identify a notable manufacturer who used this method.

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Definitions:

Adjusted Trial Balance

A trial balance prepared after adjusting entries are made and posted, ensuring that debits and credits still match.

Owner's Equity Statement

A financial document that shows changes in the equity interest of a business's owner(s) over a specific period.

Service Revenue

Income earned by a company for the services it provides to customers.

Salaries Payable

This refers to the amounts due to employees for services rendered that have not yet been paid at the end of an accounting period.