I would say your answer is A.
Glad I could help, and good luck!
Answer:
See explanation section
Explanation:
When we need to close accounts, we close the income and expenses accounts. The reason to close those accounts is that those are temporary accounts. Drawings and dividends are also temporary as those accounts have to be settled through capital and retained earnings balance. Therefore,
We will close the entries to income summary are -
D. Depreciation Expense
E. Fees Earned
J. Supplies Expense
L. Wages expense.
The entry to close against a capital account is Drawings. Therefore, Jackie Lindsay, Drawing should be closed.
It makes production more efficient
I'm going full have to go with 2, 3, & 4
Answer:
number of claims filed by ex-employees
Explanation:
According to Corporate Tax Laws and Regulations, every company is required to pay an unemployment tax that is based on the number of claims filed by ex-employees.
