Use the Following to Answer Questions

question 66

Essay

Use the following to answer questions
Using the chart of accounts provided,indicate by account number the account or accounts that would be debited and credited in the following transactions and indicate the type of transaction as: (1)an external transaction, (2)an internal transaction recorded as an adjusting journal entry,or (3)a closing entry.The company uses a perpetual inventory system.All prepayments are initially recorded in permanent accounts.

-Salaries and wages have been earned but are unpaid at the end of an accounting period.

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Definitions:

Taco Bell

An American-based chain of fast-food restaurants known for its Mexican-inspired menu items.

Promotional Activities

All the actions that a company takes to increase awareness of its products or services, which can include advertising, sales promotion, public relations, and direct marketing.

Global Citizenship

The recognition of belonging to a worldwide community and understanding the responsibilities and roles within it, focusing on cooperation and interdependence.

Bring-it-on Attitude

A confident or fearless approach toward facing challenges, difficulties, or adversities.