Business, 01.10.2019 17:10 barisegebalci2352

The adjusted trial balance of antoine corporation at december 31 shows that sales revenue for the year was $ 520 comma 000 and other revenue was $ 49 comma 000. cost of goods sold for that same period was $ 280 comma 000, while other expenses totaled $ 210 comma 000. the corporation declared and paid dividends of $ 18 comma 000 during the year. the balance of retained earnings before closing entries was $ 490 comma 000. read the requirements 1. prepare the closing entries for revenues, expenses, and dividends for the year. (record debits first, then credits. exclude explanations from any journal entries.) begin by recording the entry to close out the revenue accounts.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 05:00

Personal financial planning is the process of creating and achieving financial goals? true or false

Answers: 1

Answer

Business, 22.06.2019 08:40

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Answers: 2

Answer

Business, 22.06.2019 11:00

T-comm makes a variety of products. it is organized in two divisions, north and south. the managers for each division are paid, in part, based on the financial performance of their divisions. the south division normally sells to outside customers but, on occasion, also sells to the north division. when it does, corporate policy states that the price must be cost plus 20 percent to ensure a "fair" return to the selling division. south received an order from north for 300 units. south's planned output for the year had been 1,200 units before north's order. south's capacity is 1,500 units per year. the costs for producing those 1,200 units follow

Answers: 1

Answer

Business, 22.06.2019 14:20

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?

Answers: 1

Answer

You know the right answer?

The adjusted trial balance of antoine corporation at december 31 shows that sales revenue for the ye...

Questions