The following selected accounts and normal balances existed at year-end. Accounts receivable $46,000 Prepaid insurance 4,900 Land 53,000 Accounts payable 41,000 Notes payable 59,000 Retained earnings 15,000 Dividends 2,100 Fees earned revenue 68,000 Selling expenses 35,500 Administrative expenses 13,250 Miscellaneous expense 1,250 Make the four journal entries required to close the books. If an amount box does not require an entry, leave it blank.

Anew equipment has been proposed by engineers to increase the productivity of a certain manual welding operation. the investment cost is $25,000, and the equipment will have a market value of $5,000 at the end of a study period of five years. increased productivity attributable to the equipment will amount to $10,000 per year after operating costs have been subtracted from the revenue generated by the additional production. if marr is 10%, is investing in this equipment feasible? use annual worth method.

Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer

One pound of material is required for each finished unit. the inventory of materials at the end of each month should equal 20% of the following month's production needs. purchases of raw materials for february would be budgeted to be: