The following information is from the Income Statement of the Vaughn Laundry Service:

Revenues

Service Revenues: $7800
Expenses Salaries and wages expense: $2940
Advertising expense: 600
Rent expense: 360
Supplies expense: 240
Insurance expense: 120
Total expenses: 4260

Net income: $3540

The entry to close the Laundry Service Revenue account includes a:

a. credit to Service Revenue for $7800.
b. debit to Income Summary for $7800.
c. debit to Retained Earnings for $7800.
d. debit to Service Revenue for $7800.

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.