Answer:
b) update the Retained Earnings account.
Step-by-step explanation:
A major purpose of preparing closing entries is to - update the Retained Earnings account.
Retained earnings are defined as those profits, that a company has earned to date minus any dividends or other money paid to investors.
Whenever we make an entry to the accounting records, that affects a revenue or expense account, this retained earning amount is adjusted.
Steps to solve:
15 + 2a = 35
~Subtract 15 to both sides
2a = 20
~Divide 2 to both sides
a = 10
Best of Luck!
Answer:
4i√5
Step-by-step explanation:
4 grams of drink mix is needed per liter of water
