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ince Notes Receivable (Long- Term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes...

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Accounting

ince Notes Receivable (Long- Term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Common Stock Dividends Rental Revenue Service Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense Income Tax Expense 1,600 2,800 15,000 2,000 19,000 1,800 320 700 9,000 2,700 58,520 3,000 2,400 3,920 2,700 500 7,700 37,000 1,300 58,520 The entry required to close the revenue and expense accounts at the end of the period includes a a. credit to Retained Earnings for $38,300 Ob. debit to Retained Earnings for $38,300 c. debit to Retained Earnings for $4,780 O d. credit to Retained Earnings for $4,780
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The entry required to close the revenue and expense accounts at the end of the period includes a a. credit to Retained Earnings for $38,300 b. debit to Retained Earnings for $38,300 c. debit to Retained Earnings for $4,780 d. credit to Retained Earnings for $4,780 The following information is available for four companies. Which company has the best short-term solvency position? a. Delta Company b. Beta Company c. Alpha Company d. Gamma Company

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