Business, 09.10.2019 02:30 damyonfenton13

Brief exercise 3-11 blossom has year-end account balances of sales revenue $839,807, interest revenue $13,020, cost of goods sold $534,832, administrative expenses $193,450, income tax expense $32,693, and dividends $19,345. prepare the year-end closing entries. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required, select "no entry" for the account titles and enter 0 for the amounts.)

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Answer from: shezelleramadoo3451

The year-end closing entries are as follows:

(a) Sales revenue A/c Dr. $839,807

Interest revenue A/c Dr. $13,020

To Income summary A/c $852,827

(To record close of revenue account)

(b) Income summary A/c Dr. $760,975

To Cost of Goods Sold $534,832

To Administrative Expenses $193,450

To Income Tax Expense $32,693

(To record close of expenses account)

To Retained earnings a/c $91,852

(To record close of income summary a/c)

(d) Retained earnings a/c Dr. $19,345

To Dividend a/c $19,345

(To record dividend account)

Answer from: Quest

$527.7.if the following was the question $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

Answer from: Quest

the correct answer is b.)

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Brief exercise 3-11 blossom has year-end account balances of sales revenue $839,807, interest revenu...