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Answer:
d. debit Retained Earnings, $3,000; credit Dividends, $3,000.
Explanation:
The journal entry to close the dividend account should be
Retained earnings Dr $3,000
To Dividend $3,000
(being the closing of the dividend account is recorded)
here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed
Answer:
Allied Merchandisers
Journal Entries
Date General Journal Debit Credit
03-May Merchandise Inventory $20,000
To Cash $20,000
05-May Accounts Receivable $21,000
To Sales $21,000
05-May Cost of goods sold $15,000
To Merchandise Inventory $15,000
07-May Sales Returns and allowances $1,750
To Accounts Receivable $1,750
07-May Merchandise Inventory $1,250
To Cost of goods sold $1,250
08-May Sales Returns and allowances $300
To Accounts Receivable $300
15-May Cash $18,571
Sales Discounts $379
($18950*2%)
To Accounts receivable $18,950
($21000-$1750-$300)
During an EMS run and your partner instructed you and
suggests you to do and write vital signs written differently than of the
original record obtained, it would likely affect the treatment that could be
administered in the patient. The vital signs are basic and yet they are important
in a person’s data for they are a critical data and it is where medical
professionals base their treatment and assessment to the patient. If this is
written differently, not only will affect the treatment but it could also cause
conflicts and there will be consequences to the people who are involved such as
having suspended or fired in their line of work or having to have criminal
charges.