The year-end adjusted trial balance of Aggies Corporation included the following account balances:

Retained Earnings, $222,000;
Service Revenue, $860,000;
Salaries Expense, $382,000;
Rent Expense, $142,000;
Interest Expense, $77,000; and
Dividends, $52,000.

Record the necessary closing entries.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.