Frosty Inc. has the following balances on December 31 prior to closing entries: Revenues $ 35,000 Retained Earnings, Jan. 1 10,000 Cash 7,000 Expenses 23,000 Accounts Payable 4,000 Dividends 1,000 Supplies 18,000 Based upon the balances above, what net adjustment would be made to Retained Earnings due to closing entries?

$11,000 increase

Explanation:

The net adjustment made to retained earning account is shown below:

= Revenue earned - expenses incurred - dividend paid

= $35,000 - $23,000 - $1,000

= $11,000 increase

At the time of closing entries, we closed the revenues, expenses, and the dividend account and the net adjustment is made to the retained earning account

what are the options

explanation:

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported