Define the Variable(s) and Translate the Sentence into an Inequality

question 19

Multiple Choice

Define the variable(s) and translate the sentence into an inequality.
-Enrollment is below 8000 students.

• A) Let e = student enrollment; e < 8000
• C) Let e = student enrollment; e > 8000

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Definitions:

Retained Earnings

The amount of net income left over for a business after it has paid out dividends to its shareholders.

Journalizing

Journalizing is the process of recording transactions in the accounting journals as part of the double-entry bookkeeping system.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, ultimately resetting the temporary accounts for the new fiscal period.

Post-closing Trial Balance

A statement created after closing entries are made, listing all active accounts and their balances to ensure debits equal credits.