The ledger of Rios Company contains the following balances: Retained Earnings $29,000; Dividends $3,000; Service Revenue $48,000; Salaries and Wages Expense $26,500; and Supplies Expense $7,500. The closing entries are as follows:
(1) Close revenue accounts
(2) Close expense accounts.
(3) Close net income/(loss).
(4) Close dividends.
Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Answers: 1
Business, 21.06.2019 13:30, Amrinderkhattra
How is a proportional tax different from a progressive tax? a. a proportional tax decreases with income level, but a progressive tax increases with income level. b. a proportional tax increases with income level, but a progressive tax decreases with income level. c. a proportional tax increases with income level, but a progressive tax is the same percentage for all. d. a proportional tax is the same percentage for all, but a progressive tax increases with income level.
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Business, 22.06.2019 20:00, lusa0720
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Business, 22.06.2019 22:20, PrisonKing3749
David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e. g., a subscript can be created with the _ character.)
Answers: 1
Business, 22.06.2019 23:30, mccarthyrookie6491
Which statement best describes entrepreneurship aitmakes people very rich b it relies on large financial investments c it is only possible in the retail industry d it requires creativity and ambition
Answers: 3
The ledger of Rios Company contains the following balances: Retained Earnings $29,000; Dividends $3,...
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