He following information is available for Baker Industries Baker Industries Inc Trial Balance 12/31/13 Debit Credit Cash 16 Accounts Receivable 26 Supplies 4 Equipment 191 Accumulated Depreciation 13 Accounts Payable 21 Common stock 116 Retained Earnings 56 Dividends 21 Service Revenue 198 Salaries and Wages Expense 86 Depreciation Expense 39 Supplies Expense 12 What is the balance in Retained Earnings after posting closing entries at December 31 for Baker Industries?

Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?