S5B-16 Journalizing closing entries—periodic inventory system D & B Printing Supplies’s accounting records include the following accounts at
December 31, 2018.
Purchases $ 193,200 Accumulated Depreciation—Building $ 22,000
Accounts Payable 7,800 Cash 21,700
Rent Expense 8,500 Sales Revenue 296,100
Building 44,100 Depreciation Expense—Building 4,500
Common Stock 58,000 Dividends 29,400
Retained Earnings 4,100 Interest Expense 2,600
Merchandise Inventory, Beginning 120,000 Merchandise Inventory, Ending 103,100
Notes Payable 12,100 Purchase Returns and Allowances 21,200
Purchase Discounts 2,700
Requirements
1. Journalize the required closing entries for D & B Printing Supplies assuming that
D & B uses the periodic inventory system.
2. Determine the ending balance in the Retained Earnings account.

Please answer asap

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?

Select all that apply. what do opponents of minimum wage believe are the results of minimum wage? increases personal income results in job shortages causes unemployment raises prices of goods