Use the following to answer questions:
Figure: Potatoes 
-(Figure: Potatoes) Refer to the figure. According to the demand curve, if the price of potatoes is $8 a pound, how many pounds are demanded?
Definitions:
Post-closing Trial Balance
A financial report created after adjusting and closing entries are made, listing all accounts and their balances to ensure debits equal credits.
Accumulated Depreciation
The total amount of depreciation that has been recorded for an asset since it was acquired.
Interest Payable
A liability account that represents the amount of interest expense that has been incurred but not yet paid to creditors.
Correcting Entries
Adjustments made in accounting records to amend errors or omissions in the previously recorded transactions.
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