The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April30 for Abigail Company: Accumulated Depreciation $42,400
Prepaid Rent 6,800
Supplies 850
Unearned Fees 7,310
Trucks 49,300
Cash 3,400
Common Stock 2,000
Retained Earnings ?
?
Prepare a classified balance sheet.
Indicate whether each of the following would be reported in the financial statements as a (a) current asset, (b)property, plant, and equipment, (c) current liability, (d) revenue, or (e) expense:
(1) Truck
(2) Accumulated depreciation
(3) Telephone expense
(4) Fees earned
(5) Wages payable
(6) Prepaid insurance
(7) Office supplies
(8) Dining expense
(9) Unearned rent
List and describe the purpose of the four closing entries.

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.