The following data were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April30 for Abigail Company: Accumulated Depreciation $42,400
Prepaid Rent 6,800
Supplies 850
Unearned Fees 7,310
Trucks 49,300
Cash 3,400
Common Stock 2,000
Retained Earnings ?
?
Prepare a classified balance sheet.
Indicate whether each of the following would be reported in the financial statements as a (a) current asset, (b)property, plant, and equipment, (c) current liability, (d) revenue, or (e) expense:
(1) Truck
(2) Accumulated depreciation
(3) Telephone expense
(4) Fees earned
(5) Wages payable
(6) Prepaid insurance
(7) Office supplies
(8) Dining expense
(9) Unearned rent
List and describe the purpose of the four closing entries.

How does knowing about supply and demand

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months ago. recently, you saw that stubhub was listing similar seats for $225 apiece. what does it cost you to attend the concert?