Camilia Communications reported the following figures from its adjusted trial balance for its first year of business, which ended on July 31, 2018: Cash $2,900
Selling 1,400
Expenses 4,300
Accounts Payable 4,365
Common Stock
Notes Payable, long-term 500
Merchandise Inventory 1,100
Administrative Expenses 3,300
Cost of Goods Sold 18,700
Equipment, net 9,500
Accrued Liabilities 1,800
Net Sales 29,200
Revenue 65 500
Accounts Receivable 3,200
Interest Expense 65
Preparing a merchandiser's income statement
Prepare Camilia Communication's multi-step income statement for the year ended July 31, 2018.
Requirements
1. Journalize the required closing entries for Rocky.
2. Determine the ending balance in the Retained Earnings account

Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest.the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed.what control allowed the fraud to occur?

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.