After all adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger:

Accounts payable $40,000
Insurance expense $8,600
Accounts receivable 54,500
Prepaid insurance 5,275
Accumulated Rent expense 21,400
depreciation 83,325
Retained earnings 50,950
Capital stock 50,000
Salaries expense 66,000
Cash 7,150
Salaries payable 150
Depreciation expense 23,500
Service revenue 151,000
Dividends 28,000
Supplies 2,500
Equipment 155,000
Supplies expense 3,500

Required:
Journalize the entries to close the appropriate accounts.

Check the explanation

Explanation:

JOURNAL ENTRIES UNDER PERPETUAL INVENTORY SYSTEM      

                                                                               $             $  

a)Cash A/c.      Dr.                                         10000  

        To Sales A/c.                                                             10000  

Cost of Goods Sold A/c.         Dr.                  4500  

        To Inventory A/c.                                                       4500  

b)Account Receivables A/c.      Dr.              8500  

        To Sales A/c.                                                               8500  

Cost of Goods Sold A/c.         Dr.                 4100  

        To Inventory A/c.                                                        4100  

c)Account Receivables A/c.      Dr.              3500  

        To Sales A/c.                                                              3500  

Cost of Goods Sold A/c.         Dr.                1600  

        To Inventory A/c.                                                        1600  

d)Inventory                                   Dr.             255  

       To Cash A/c.                                                                255  

e)Bank A/c.                                    Dr.           3150*  

Inventory     A/c.                                Dr.        175  

       To Account Receivable A/c.                                      3325  

*3325-175=3150

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.