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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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Which of the following is a business plan most similar to? A pinball machine
pickupchik [31]

Answer:

C: A road map.

Explanation:

Business plans are mapped out just like road map. Pinball machines and dreams are not mapped out and wish lists are just collections of things that you want while a business plan is a plan of action.

Hope this helps!  :)

5 0
3 years ago
Last year a company spent $11 million on Internet advertising. If that amount increases by 17 percent this year, how much will t
never [62]

If a company spent that much on internet advertising and increased it by 17%, the new amount spent would be $12.87 million.

<h3>How much did the company spend on advertising?</h3>

The amount spent can be calculated as:

= Amount x (  1 + increase in advertising)

Solving gives:

= 11 million x (  1 + 17%)

= 11 x 1.17

= $12.87 million

Find out more on advertising expenses at brainly.com/question/24967768.

7 0
2 years ago
or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit
sergiy2304 [10]

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

  1. housing
  2. apparel
  3. transportation
  4. education and communication
  5. other goods and services
  6. recreation
  7. medical care
  8. food and beverages

a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

5 0
2 years ago
Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His
Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

Basis = $42,000

Amount of ordinary income allocated = $10,600

Now,

Capital gain from distribution in excess of basis

= Distribution - Basis -  Amount of ordinary income allocated

= $44,000 - $42,000 - $10,600

= -$8,600

here, negative sign depicts there is a capital loss

8 0
3 years ago
Ashley opened an all-you-can-eat buffet restaurant. the price per-person was based on what ashley believed an average restaurant
Rudiy27
<span>In the insurance market, this is referred to as adverse selection. Adverse selection is simply just a situation where the seller has information that the buyer does not have about an aspect of the product or its quality, or vice versa. When it comes to insurance, adverse selection is the likelihood of those who preform dangerous jobs or are high risk to get life insurance.</span>
7 0
2 years ago
Read 2 more answers
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