The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April30 for Abigail Company: Accumulated Depreciation $42,400
Prepaid Rent 6,800
Supplies 850
Unearned Fees 7,310
Trucks 49,300
Cash 3,400
Common Stock 2,000
Retained Earnings ?
?
Prepare a classified balance sheet.
Indicate whether each of the following would be reported in the financial statements as a (a) current asset, (b)property, plant, and equipment, (c) current liability, (d) revenue, or (e) expense:
(1) Truck
(2) Accumulated depreciation
(3) Telephone expense
(4) Fees earned
(5) Wages payable
(6) Prepaid insurance
(7) Office supplies
(8) Dining expense
(9) Unearned rent
List and describe the purpose of the four closing entries.

Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.