Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for office supplies? a. debit office supplies; credit accounts payableb. debit accounts payable; credit cashc. debit office supplies; credit cashd. debit cash; credit accounts payable

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation