Coolmax is a fabric made by dupont. it is used in the manufacture of exercise clothes because it keeps the user "cool and dry." the ads for the fabric in health and fitness magazines convinced kumar to buy a pair of thorlo coolmax walking crew socks made of the material. since he had never before owned anything made with coolmax, kumar was in which stage of the hierarchy of effects?
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Ответ:
Answer and Explanation:
The journal entry is shown below:
Truck A/c Dr $4,500
To Cash A/c $4,500
(Being the truck is replaced for cash)
Here the truck is debited as it increased the assets and credited the cash as it decreased the assets