Answer:
Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.
Explanation:
Closing Entries
a. Accounts Payable: No it is not closed to income summary account.
b. Advertising Expense: Yes it is closed to income summary account.
c. Cost of Merchandise Sold: Yes it is closed to income summary account.
d. Dividends : No these are closed To Retained Earnings Accounts.
e. Merchandise Inventory : Yes it is closed to income summary account
f. Sales Yes it is closed to income summary account
g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.
h. Supplies Expense: Yes it is closed to income summary account
i. Wages Payable: Not closed in the income summary account.
These are liabilities and included in the balance sheet.
Crowdsourcing is the act of taking a job traditionally performed by a designated agent and outsourcing it to an undefined generally large group of people in the form of an open call.
Crowdsourcing involves a massive group of dispersed contributors contributing or generating items or offerings—consisting of thoughts, votes, micro-obligations, and price range—for payment or as volunteers. Present-day crowdsourcing often includes digital structures to draw and divide paintings between individuals to acquire a cumulative result. Crowdsourcing isn't always restricted to online hobbies, however, and there are numerous ancient examples of crowdsourcing. The word crowdsourcing is a portmanteau of "crowd" and "outsourcing". In assessment to outsourcing, crowdsourcing typically entails much less particular and greater public companies of members. Benefits of using crowdsourcing include reduced expenses, stepped forward velocity, improved best, extended flexibility, and/or extended scalability of the paintings, in addition to selling diversity. Crowdsourcing techniques include competitions, digital hard work markets, open online collaboration, and statistics donations.
Learn more about Crowdsourcing here
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<span>A great reason to revise her monthly budget is that Christine can adjust her planning to meet her specific goals. While sticking to long term goals may be a good idea for some, if that is not possible adjusting your budget is a good way to keep track of income and expenses and to make sure that you do not spend more than you should.</span>
Well, you just need to find it using this formula :
5,000 x [100 % - (3% x 91/365)]
= 5,000 x [ 100 % - 0.007479]
= 5,000 x 99.992521
= $ 4,962.50 >>> rounded
Hope this help