General ledger Question 3 . Question : The Retained Earnings account has a credit balance of $ 17,000 before closing entries are made . If total revenues for the period are $ 55,200 , total expenses are $ 39,800 and dividends are $ 9,000 , what is the ending balance in the Retained Earnings account after all closing entries are made ? Question 4 . Question : A company earned $ 2,000 in net income for October . Its net sales for October were $ 10,000 . Its profit margin is : Question 5 . Question : A company pays each of its two office employees each Friday at the rate of $ 100 per day each for a five-day week that begins on Monday . If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday , the month-end adjusting entry to record the salaries earned but unpaid is : Debit Unpaid Salaries $ 600 and credit Salaries Payable $ 600 Debit Salaries Expense $ 400 and credit Salaries Payable $ 400 Debit Salaries Expense $ 600 and credit Salaries Payable $ 600 Debit Salaries Payable $ 400 and credit Salaries Expense $ 400 Question 6 . Question : A company ' s Office Supplies account shows a beginning balance of $ 600 and an ending balance of $ 400 . If office supplies expense for the year is $ 3,100 , what amount of office supplies was purchased during the period ? Question 7 . Question : A company had no office supplies available at the beginning of the year . During the year , the company purchased $ 250 worth of office supplies . On December 31 , $ 75 worth of office supplies remained . How
General ledger Question 3 . Question : The Retained Earnings account has a credit balance of $ 17,000 before closing entries are made . If total revenues for the period are $ 55,200 , total expenses are $ 39,800 and dividends are $ 9,000 , what is the ending balance in the Retained Earnings account after all closing entries are made ? Question 4 . Question : A company earned $ 2,000 in net income for October . Its net sales for October were $ 10,000 . Its profit margin is : Question 5 . Question : A company pays each of its two office employees each Friday at the rate of $ 100 per day each for a five-day week that begins on Monday . If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday , the month-end adjusting entry to record the salaries earned but unpaid is : Debit Unpaid Salaries $ 600 and credit Salaries Payable $ 600 Debit Salaries Expense $ 400 and credit Salaries Payable $ 400 Debit Salaries Expense $ 600 and credit Salaries Payable $ 600 Debit Salaries Payable $ 400 and credit Salaries Expense $ 400 Question 6 . Question : A company ' s Office Supplies account shows a beginning balance of $ 600 and an ending balance of $ 400 . If office supplies expense for the year is $ 3,100 , what amount of office supplies was purchased during the period ? Question 7 . Question : A company had no office supplies available at the beginning of the year . During the year , the company purchased $ 250 worth of office supplies . On December 31 , $ 75 worth of office supplies remained . How