Answer:
<u>Closing Entries Dated 31, 2016</u>
Dr. Cr.
Closing Income Accounts
Service revenue $186,100
Interest revenue $90,300
Income Summary $276,400
Closing Expense Accounts
Income Summary $153,400
Supplies Expense $96,900
Advertising expenses $18,200
Salaries and wages $21,000
Income tax expense $17,300
Closing Income Summary Account
Income Summary $123,000
Retained Earning $123,000
Closing Dividend Account
Retained Earning $7,800
Dividend $7,800
Explanation:
All the Income and Expenses accounts are closed to Income summary account. The net balance of income summary account is transferred to retained earning account. The dividend balance is also transferred to retained earning account to close it. Ultimately all the balances are netted off in retained earning account.
Answer:
the answer is Plastic reduces the transfer of thermal energy to hands holding the utensils.
Explanation:
<u>Explanation:</u>
The key elements of undue influence are as follows:
The parties to the contract should have relationship based on trust, confidence or authority. One person takes advantage of another person with authority.
To enter into the agreement the stronger party influences the other party by using force, domination or unfair persuasion.
When there is undue influence then there is no genuine assent of the party to the agreement.
The party to the agreement does not have adequate knowledge about the consequences of the agreement.
Answer:
revenues and gains, expenses and losses, and bottom line of net income or net loss for the period.
