A company had the following selected balances: Account Debit Credit Service Revenue $4,000 Rental Revenue $2,000 Wages Expense $500 Utilities Expense $100 Dividends $80 Demonstrate the last closing journal entry to close the Dividends account by selecting the correct answer below. Multiple choice question. Debit Dividends $80; Credit Income Summary $80 Debit Dividends $80; Credit Retained Earnings $80 Debit Retained Earnings $80; Credit Dividends $80 Debit Income Summary $80; Credit Dividends $80

What is the difference between secure bonds and naked bonds?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)