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scoundrel [369]
3 years ago
7

Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accou

nts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned $614,500 Dividends 45,000 Rent Expense 140,000 Retained Earnings 3,250,000 Supplies Expense 18,200 Wages Expense 320,000 Miscellaneous Expense 8,700 Journalize the closing entries. If an amount box does not require an entry, leave it blank. Dec. 31 Dec. 31

Business
1 answer:
Aneli [31]3 years ago
4 0

Answer:

Please find solution attached below

Explanation:

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Bradley Snapp has deposited $5,291 in a guaranteed investment account with a promised rate of 4% compounded annually. He plans t
Julli [10]

Answer:

i dont realky understand the question

7 0
3 years ago
Albright Company produces a variety of products, some in labor-intensive departments and some in heavily automated departments.
Elodia [21]

The given statement is TRUE

Explanation:

The global overhead rate is a standard overhead rate used by a company to transfer all of its overhead cost for production to goods or objects of cost. It is most widely used with simple cost models in smaller businesses.

In fact, the typical company prevents the use of a single overhead rate throughout the whole plane, instead using a small number of separately allocated cost pools with different overhead rates. In this way, the overall assignment is improved, but the time necessary to close the books is increased. There is a balance between a larger transparency effort to track and distribute multiple expense pools and the improved consistency of this additional effort in the financial statement.

3 0
4 years ago
A ________________ is linked to the organization’s hierarchy, with some shift of power to team; the leader has limited manageria
Dafna1 [17]

A team is linked to the organization's hierarchy,

with some shift of power to team; the leader has limited managerial power;

decision-making is consultative, democratic, or by consensus

8 0
3 years ago
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics
tatuchka [14]

Answer and Explanation:

Economy is divided into two main fields: <em>Microeconomics and Macroeconomics</em>. Microeconomics studies the decisions of individuals and businesses while Macroeconomics is in charge of analyzing the economy as a whole including decisions made by governments and their countries. Thus:

A) <em>The effect of government regulation on a monopolist's production decisions (Macroeconomics). </em>

B) <em>The optimal interest rate for the Federal Reserve to target (Macroeconomics). </em>

C) <em>The government's decision on how much to spend on public projects (Macroeconomics).</em>

4 0
4 years ago
A promissory note:
Travka [436]

Answer:

d. is a written promise to pay a specified amount of money at a certain date.

Explanation:

A promissory note, also known as note payable, is a financial instrument used when you borrow or loan money, it establishes the terms and details of the agreement (amounts, interests, late fee, <em>maturity date,</em> etc.). <em>It consists of a written promise where the issuer promises to fulfill the terms and to pay to the payee on the determined date.</em>

I hope you find this information useufl and interesting! Good luck!

8 0
3 years ago
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