Ajournal in the books of accounts of a company showed that stationery worth $1,500 was purchased by the company in an accounting period. jamie has to post this journal entry into the ledger account. how will he make this posting?

a. debit the cash account and credit the stationery account
b. debit the stationery account and credit the cash account
c. debit the stationery account and credit the company’s account
d. debit the company’s account and credit the cash account

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.