Answer:
Retained earnings on the December 31, 2019: $253,000
Explanation:
Ending balance in retained earnings is calculated by using following formula:
Ending balance in retained earnings = Beginning balance in retained earnings + Net income - Cash dividends - Stock dividends
Grizzly Company had Retained Earnings at December 31, 2018 of $210,000.  Beginning balance in retained earnings at January 01, 2019 is $210,000
Net income = Revenues - Expenses = $410,000 - $355,000 = $55,000
Ending balance in retained earnings = $210,000 + $55,000 - $12,000 = $253,000
 
        
             
        
        
        
Answer: 2 years
Explanation:
The payback period is the amount of time that is needed for the required cash inflow of a project to offset the initial cash outflow that the business offsets. The payback period is when the initial outlay of an investment is recovered. There are two different methods used to calculate payback period. We have the average method and the subtraction method. 
In the above question, the payback period is solved as follows:
Labour cost decreases by 10% for each unit. 
Therefore, 
= $10 × 10%
= $10 × 0.1
= $1 per unit. 
In order to recover $2000, the business needs to sell the following;
= 2000/1
= 2000units.
If Eric sells 1000 units per year of Emu, it will take:
2000/1000= 2years
 In conclusion, the payback period of the investment is 2 years. 
 
        
             
        
        
        
Answer and Explanation:
The adjusting entries are shown below:
a. Salaries expense Dr $1,400
         To Salaries payable $1,400
(being salaries expense is recorded)
b. Interest expense ($40,000 × 12% × 1 ÷12) $400
      To interest payable $400
(being interest expense is recorded)
c. Account receivable Dr $3,000
          To Service revenue $3,000
(being revenue is recorded)
These 3 entries should be recorded 
 
        
             
        
        
        
The answer is false, it is because in questionnaires like this, open ended questions are considered valuable, which is true in the statement above but what makes it false, is because of the unambiguous response. An open ended questions should not have unambiguous response for they should be more open and would be engaging and more open not only to the person asking but to the audience as well.
        
             
        
        
        
Answer:
Click paste without formatting 
Explanation: