The December 31, 2019, adjusted trial balance of Business Solutions (reflecting its transactions from October through December of 2019) follows. NoAccount TitleDebitCredit 101Cash$51,534 106Accounts receivable 5,568 126Computer supplies 620 128Prepaid insurance 1,575 131Prepaid rent 795 163Office equipment 8,200 164Accumulated depreciation—Office equipment $410 167Computer equipment 21,600 168Accumulated depreciation—Computer equipment 1,350 201Accounts payable 1,600 210Wages payable 400 236Unearned computer services revenue 1,800 301S. Rey, Capital 69,000 302S. Rey, Withdrawals 7,000 403Computer services revenue 39,214 612Depreciation expense—Office equipment 410 613Depreciation expense—Computer equipment 1,350 623Wages expense 3,575 637Insurance expense 525 640Rent expense 2,385 652Computer supplies expense 3,625 655Advertising expense 2,738 676Mileage expense 809 677Miscellaneous expenses 240 684Repairs expense—Computer 1,225 901Income summary 0 Totals$113,774 $113,774 Required: 1. Record the closing entries as of December 31, 2019. 2. Prepare a post-closing trial balance as of December 31, 2019.

What are six resources for you decide which type of business to start and how to start it?

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive