Brown Company paid its employee his weekly wages of $400. Show how to record the transaction to the T-accounts by completing the following sentence. The Wages expense account would be (debited/credited) on the (left/right) side of the T-account, and the Cash account would be (debited/credited) on the (left/right) side of the T-account.

The distinction between a normal and an inferior good is

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.