The following account balance in alphabetical order general ledger of Morgan waterproof and service of January 31. The firm began business on January 1 all accounts have a normal balances. Accounting payable $2600 Notes Payable $6000 Accounts recievable $21,000 Advertising Expense $420 Cash $10,400 Common Stock $29,740 Dividends $3,000 Interest Expenses $50 Rent Expense $1,700 Salaries expenses $8,000 Service fees earned $25,760 Supplies $8,960 Supplies Expenses $10,250 Utilities Expenses S320 Prepare the closing entries

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

What is the correct percentage of texas teachers charged with ethics violations each year?