In 2021, the internal auditors of development technologies, inc., discovered that a $4 million purchase of merchandise in 2021 was recorded in 2020 instead. the physical inventory count at the end of 2020 was correct. assume the company uses a periodic inventory system. required: prepare the journal entry needed in 2021 to correct the error. (ignore income taxes.) (enter your answers in millions (i. e., 5,000,000 should be entered as 5). if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account

Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows: