Figure 28-4 -Refer to Figure 28-4. If 4,000 Workers Are Unemployed, Then

question 373

Multiple Choice

Figure 28-4
-Refer to Figure 28-4. If 4,000 workers are unemployed, then the minimum wage must be

• A) $2.
• B) $4.
• C) $5.
• D) $6.

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Definitions:

Journal Entry Icon

A graphical representation or shortcut in software, used to access the feature where financial transactions are manually recorded.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits in the double-entry accounting system.

Adjustments

Adjustments in accounting refer to entries made in journal accounts at the end of an accounting period to correct and allocate incomes and expenditures accurately.

Accounting System

A systematic process of recording, analyzing, summarizing, and reporting the financial transactions of a business or individual.