Rainbow Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services Co.:
Retained Earnings $570,000
Dividends 35,000
Fees Earned 257,000
Wages Expense 225,200
Rent Expense 53,600
Supplies Expense 13,100
Miscellaneous Expense 6,300
Required:
Journalize the four entries required to close the accounts.
a) Aug. 31 Close revenues
b) Aug. 31 Close expenses
c) Aug. 31 Close net income/net loss
d) Aug. 31 Close dividends
Answers: 1
Business, 22.06.2019 23:40, kyleryoung0602
Gdp has grown in a country at 3% per year for the last 20 years. the labor force has grown at 2% per year and the quantity of physical capital has grown at 4% per year. a 1% increase in average physical capital per worker (other things equal) raises productivity by 0.3%. average education has not changed. how much has growing physical capital per worker contributed to productivity growth in this country? choose the correct answer from the following choices, and then select the submit answer button. answer choices 0.3% 0.6% 3.0% 6.0%
Answers: 1
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