The Retained Earnings account has a credit balance of $40,000 before closing entries are made. Total revenues for the period are $58,200, total expenses are $41,300, and dividends are $10,200. What is the correct closing entry for the expense accounts?

A. Debit Income Summary $41,300; credit Expense accounts $41,300.
B. Debit Expense accounts $40,000; credit Retained Earnings $40,000.
C. Credit Expense accounts $41,300; debit Retained Earnings $41,300.
D. Debit Expense accounts $41,300; credit Income Summary $41,300.
E. Debit Income Summary $41,300; credit Retained Earnings $41,300.

Concrete consulting co. has the following accounts in its ledger: cash; accounts receivable; supplies; office equipment; accounts payable; jason payne, capital; jason payne, drawing; fees earned; rent expense; advertising expense; utilities expense; miscellaneous expense. transactions oct. 1 paid rent for the month, $3,600. 3 paid advertising expense, $1,200. 5 paid cash for supplies, $750. 6 purchased office equipment on account, $8,000. 10 received cash from customers on account, $14,800. 15 paid creditors on account, $7,110. 27 paid cash for miscellaneous expenses, $400. 30 paid telephone bill (utility expense) for the month, $250. 31 fees earned and billed to customers for the month, $33,100. 31 paid electricity bill (utility expense) for the month, $1,050. 31 withdrew cash for personal use, $2,500. journalize the following selected transactions for october 2019 in a two-column journal. refer to the chart of accounts for exact wording of account titles

What is the eventual effect on real gdp if the government increases its purchases of goods and services by $80,000? assume the marginal propensity to consume (mpc) is 0.75. $ what is the eventual effect on real gdp if the government, instead of changing its spending, increases transfers by $80,000? assume the mpc has not changed. $ an increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in an identical eventual effect on real gdp. a smaller eventual effect on real gdp. a larger eventual effect on real gdp. no change to real gdp.

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ