The following is a list of accounts and adjusted amounts for rollcom, inc., for the fiscal year ended september 30, 2018. the accounts have normal debit or credit balances. accounts payable $ 39,400 accounts receivable 66,800 accumulated depreciation 21,800 cash 80,600 common stock 95,100 equipment 91,000 income tax expense 10,530 notes payable (long-term) 1,530 office expenses 6,330 rent expense 164,500 retained earnings 99,870 salaries and wages expense 129,000 sales revenue 326,560 supplies 35,500 rev: 09_27_2018_qc_cs-140758 prepare the closing entry required at september 30, 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?