On april 5, 2016, you discovered that your newly hired bookkeeper made an error when recording a transaction the previous day. the first salary payment this month was for $2,500, which included $700 of salaries payable on march 31. the payment was recorded as a debit to wages expense $2,500 and a credit to cash $2,500. (no reversing entries were used.) prepare the general journal entry (without explanation) needed to correct this error. if no entry is required then write "no entry required."

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Financial information that is capable of making a difference in a decision is

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.