A Business Hired a Repairman to Overhaul Their Plumbing System $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 70

Essay

A business hired a repairman to overhaul their plumbing system.The repairman began working on September 15 and will finish the work on October 15.The business will pay him $4,000 when the work is completed.As of September 30,the work was 50% complete,and the business made an adjusting entry to accrue repair expense as of the end of September.Please provide that adjusting entry.
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Definitions:

Quantity Sold

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Perfect Competitor

An idealized market structure in which many firms sell identical products, there is free entry and exit, and all buyers and sellers are fully informed, leading to efficient outcomes.

MC = MR

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Telecommunications Act

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