The journal entry to close the Fees Earned, $100, and Rent Revenue, $25, accounts on December 31st during the closing process would be: a. Dec 31 Fees Earned 100 Rent Revenue 25 Income Summary 125 b. Dec 31 Income Summary 125 Fees Earned 100 Rent Revenue 25 c. Dec 31 Revenues 125 Income Summary 125 d. Dec 31 Income Summary 125 Revenues 125

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Your take on decision making process

What is a sort of auction for stocks in which traders verbally submit their offers?