Lars Linken opened Bramble Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 Issued 7,800 shares of common stock for $11,700 cash.
1 Borrowed $4,800 cash by signing a 6-month, 6%, $4,800 note payable. Interest will be paid the first day of each subsequent month.
1 Purchased used truck for $6,200 cash.
2 Paid $1,200 cash to cover rent from March 1 through May 31.
3 Paid $1,800 cash on a 6-month insurance policy effective
March 1. 6 Purchased cleaning supplies for $1,560 on account.
14 Billed customers $2,890 for cleaning services performed.
18 Paid $390 on amount owed on cleaning supplies.
20 Paid $1,370 cash for employee salaries.
21 Collected $1,250 cash from customers billed on March 14.
28 Billed customers $3,280 for cleaning services performed. 31 Paid $270 for gas and oil used in truck during month (use Maintenance and Repairs Expense).
31 Declared and paid a $700 cash dividend.
Journalize and post closing entries and complete the closing process.

Suppose that fizzo and pop hop are the only two firms that sell orange soda. the following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises: pop hopadvertise doesn’t advertisefizzo advertise 10, 10 18, 2doesn’t advertise 2, 18 11, 11for example, the upper right cell shows that if fizzo advertises and pop hop doesn't advertise, fizzo will make a profit of $18 million, and pop hop will make a profit of $2 million. assume this is a simultaneous game and that fizzo and pop hop are both profit-maximizing firms. if fizzo decides to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise. if fizzo decides not to advertise, it will earn a profit if pop hop advertises and a profit if pop hop does not advertise. if pop hop advertises, fizzo makes a higher profit if it chooses (not to advertise, to .if pop hop doesn't advertise, fizzo makes a higher profit if it chooses (not to advertise, to . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? fizzo will choose to advertise and pop hop will choose not to advertise. both firms will choose to advertise. fizzo will choose not to advertise and pop hop will choose to advertise. both firms will choose not to advertise. again, suppose that both firms start off not advertising. if the firms decide to collude, what strategies will they end up choosing? fizzo will choose not to advertise and pop hop will choose to advertise. both firms will choose not to advertise. fizzo will choose to advertise and pop hop will choose not to advertise. both firms will choose to advertise.