The balance in the unearned rent account for jackson co. as of december 31 is $1,500. if jackson co. failed to record the adjusting entry of $500 of rent earned in december, the effect on the balance sheet and income statement for december would be
a. liabilities overstated $1,000; net income overstated $1,000.
b. assets understated $500; net income overstated $500.
c. liabilities overstated $500; net income understated $500.
d. liabilities understated $500; net income understated $500

the answer is B

Step-by-step explanation:

answer: the price of one pound cabbage = $ 0.8

the point (10,8) represents that the cost of 10 pounds cabbage is $ 8

step-by-step explanation:

since, here is a proportional relation between the number of pounds of cabbage (x) and the price in dollars (y).

therefore, we can write,

⇒ y = k x

where k is the constant of proportionality.

now, point (5,4) is in the line.

thus, it will satisfies the above equation of line.

⇒ 4 = 5 k

⇒ k = 0.8

thus, the equation of the line is,

y = 0.8 x

a) for x = 1,

y = 0.8

therefore, the cost of one pound of cabbage is 0.8 dollars.

b) in the below graph (10,8) represents that the cost of 10 pounds of cabbage is 8 dollars.

answer: -1

step-by-step explanation: