Tara westmont, the proprietor of tiptoe shoes, had annual revenues of $201,000, expenses of $111,700, and withdrew $24,400 from the business during the current year. the owner’s capital account before closing had a balance of $313,000. the ending owner’s capital balance after closing is:
a. debit retained earnings $89,300, credit income summary $89,300
b. debit retained earnings $313,000; credit income summary $313,000
c. debit income summary $64,900; credit retained earnings $64,900

Afreelance​ singer-songwriter is planning the restoration of a recently purchased civil​ war-era farmhouse. while he professes an enjoyment​ of, and talent in the construction​ trades, the theory of comparative advantage implies that a. the value of what he imports​ (in this​ case, professional contractor​ services) must equal the value of what he exports​ (songs). b. he should concentrate on the restoration work since his​ out-of-pocket costs will be much lower than if he hires professionals. c. ​self-sufficiency is​ advantageous, hence he should split his time between music and construction. d. the income lost while away from music will likely exceed the savings realized by doing the work​ himself, thus, he should hire professionals to do the restoration work. e. he ought to do as much of the work himself as possible since imports​ (in this​ case, professional contractor​ services) should always be restricted to those things that cannot be done internall

Acompany recorded a check in its accounting records as $87. however, the check was actually written for $78 and it cleared the bank as $78. what adjustment is needed to the personal statement? a. decrease by $9 b. increase by $9 c. decrease by $18 d. increase by $9

Which of these is not a result of regular exercise