Reference no: EM132605555
Presented below are selected account balances for Metlock Co. as of December 31, 2020.
Inventory 12/31/20 $60,100 Cost of Goods Sold $221,463
Common Stock 74,510 Selling Expenses 15,783
Retained Earnings 45,810 Administrative Expenses 37,696
Dividends 17,726 Income Tax Expense 30,460
Sales Returns and Allowances 11,822
Sales Discounts 14,760
Sales Revenue 404,990
Question 1: Make closing entries for Metlock Co. on December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
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Provide entry required when the dividends were declared
: Finland Corporation, Provide, with supporting calculations, the entry required when the dividends were declared. Preface entries with Dr. or Cr.
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What is the journal entry necessary to record the reissuance
: On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20?
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Manufactured to accommodate flight stresses
: Biomechanics can apply to many segments in the aviation industry. One area is in how aircraft seats are manufactured to accommodate flight stresses
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Simple model of leadership principles and application
: Create, develop, and describe a simple model of leadership principles and application.
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Make closing entries for metlock co on december
: Make closing entries for Metlock Co. on December 31, 2020. (Credit account titles are automatically indented when amount is entered.)
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Participate of the different stakeholder groups
: What are the roles and motivations to participate of the different stakeholder groups involved in Threadless business model?
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Recognized as integral component of safe
: Situation awareness is recognized as an integral component of safe and effective operations on the flight deck, in maintenance tasks,
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Why is it important for leaders to be mindful
: Why is it important for leaders to be mindful of their followers?
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What is the journal entry necessary to record the reissuance
: On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20?
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