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hram777 [196]
3 years ago
8

A company paid Jen Rogers, its sole stockholder, a total of $25,000 in dividends during the current year. The entry needed to cl

ose the dividends account is:
Multiple Choice

Debit Dividends and credit Cash for $25,000

Debit Income Summary and credit Cash for $25,000.

Debit Retained earnings and credit Dividends for $25,000.

Debit Dividends and credit Retained earnings for $25,000.

Debit Income Summary and credit Dividends for $25,000.
Business
1 answer:
sergiy2304 [10]3 years ago
7 0

Debit Income Summary and credit Dividends for $25,000.

Answer: Option 5.

<u>Explanation:</u>

The balancing account of the company or an organisation is where the entries of the company are made and recorded so that at then end of the year the financial position of the company becomes clear to the stake holders of the company.

It is a double entry book keeping record where single entry is made on two sides of the book, the debit side and the credit side. This makes the book in balance for every entry. Entry on the debit and the credit side is made with the same amount to maintain the balance.

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marishachu [46]

Answer:

c.Internal environment

Explanation:

internal environment refers to the culture, members, events and factors within an organization that has the ability to influence the decisions of the organization.

Organizational Culture is affected by the influence of the founder leader

4 0
3 years ago
Change in supply or change in quantity supplied
xxMikexx [17]

Usually an increase in price means a decrease in supply and or a raise in demand.  He quickly changes this by increasing the production, thus increasing the supply, lowering the prices.

Hope this helps,

Jeron

7 0
3 years ago
Buying goods and services not for their intrinsic value but for the purpose of impressing others is called?
Hunter-Best [27]

Buying goods and services not for their intrinsic value but for the purpose of impressing others is called Conspicuous consumption.

What is Conspicuous consumption?

Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's wealth. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position. Although it is frequently associated with the wealthy, this type of consumerism can occur in any income class.

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To know more about Conspicuous consumption refer:

brainly.com/question/7456315

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3 0
2 years ago
A client reporting recent right eye discomfort is diagnosed with chalazion of the right eye. The nurse reinforces instructions t
STatiana [176]

Answer:

"I should apply warm packs to my eye"

Explanation:

First and foremost what kind of infection is a Chalazion

A chalazion represents a cyst or lump usually found to be growing slowly within one's eyelid. The characteristic of this cyst is that it does not last for long, usually goes away after a few weeks and it is not usually accompanied by pain. Although there are occasions where it would warrant more urgent measures and treatments

One very effective way of treating or caring for the eye during the infection is to apply warm compresses to it. To do this the person should put a cloth into a bowl of warm water, wring out the water from the cloth and then apply it over the eye for a 10 to 15 minutes period.

Therefore, an understanding of the need to apply warm packs to the eye indicates an understanding of the necessary measures to be taken by the client.

5 0
3 years ago
When conducting a swot analysis, budgets, ratios, and sales reports can be used to identify:?
Amanda [17]
The answer to this question is <span>Company strengths and weaknesses.
In this context, company strength refers to all the factors that make the company stand out among other competitors in the market (such as good products, fame, good researchers, etc)
The weakness, on the other hand, refers to something that needed to be taken care of if the company want to win the competition in the market. (such as huge debt ratio, scandals, etc)

</span>
5 0
3 years ago
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