$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