suppose banks increase excess reserves by $ 315533 . if the reserve ratio is 6.0 percent, what is the maximum increase in the money supply?round your answer to the nearest dollar.

Answers

Answer 1

With a reserve ratio of 6.0 per cent and an increase in excess reserves of $315,533, the money supply might expand up to a maximum of $5,257,528

We need to use the money multiplier formula:

Money Multiplier = 1/ Reserve Ratio

In this case, the reserve ratio is 6.0 percent or 0.06 in decimal form.

So, Money Multiplier = 1/0.06 = 16.67

This means that for every $1 increase in excess reserves, the money supply can increase by $16.67.

Now, we know that banks have increased excess reserves by $315,533.

Therefore, the maximum increase in the money supply would be:

Maximum Increase = Money Multiplier x Increase in Excess Reserves

Maximum Increase = 16.67 x $315,533 = $5,257,528.11

Rounding to the nearest dollar, the maximum increase in the money supply would be $5,257,528.

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Related Questions

Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position? O A. O B. O C. O D. high school diploma associate degree in performing arts bachelor's degree in art history doctorate in computer sciences

Answers

The best education for Matt to attain the position of curator at a large national museum is an Option C. bachelor's degree in art history.

A curator is a person who is in charge of the collection and display of artifacts in a museum. Curators are responsible for organizing exhibits, acquiring new collections, and keeping the existing ones in good shape, among other duties. The work of a curator demands a high degree of knowledge of the materials they handle, in addition to organizational skills and the ability to engage with the public.

Curators must typically hold a bachelor's degree in a field related to the collection they oversee. Art history, anthropology, or archaeology are popular majors for curators. Additionally, they should have experience in their particular field of expertise. Furthermore, many museums will require their curators to have a Master's degree or Ph.D. in their field or a related one. These degrees are obtained in specialized postgraduate degree programs, and they demonstrate a deeper understanding of the subject matter and a commitment to the field.

The education for Matt to attain this position would be a bachelor's degree in art history. Art history is the study of visual art throughout history. It is an academic discipline that combines cultural and historical perspectives to examine and understand visual art. In this field, you will learn about artists and their works, styles and movements, and the cultural contexts that surrounded them. This knowledge is critical to the work of curating art collections, and it will enable Matt to be efficient in his job. Therefore, the correct option is C.

The question was incomplete, Find the full content below:

Matt is the curator at a large national museum. He researches and catalogs new art pieces that are submitted to the museum. What education might have been necessary for Matt to attain this position?

A. high school diploma

B. associate degree in performing arts

C. bachelor's degree in art history

D. doctorate in computer sciences

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Getting money to start and run a business is referred to as obtaining
OA. Collateral
OB. Business
OC. Costs
OD. Financing

Answers

Answer:

C bc process of elimination

Explanation:

The government decides to impose a per-unit tax on the bottle industry to help cover revenue shortfalls in the annual budget.

Use the graph below to answer the questions.
------------------------------------------------------------------------------

The per-unit tax has generated total tax revenue of:

Multiple Choice

-$1 million

-$2 million

-$5 million

-$10 million

-$12 million

------------------------------------------------------------------------------------------

The deadweight loss created by the per-unit tax is equal to the area

Multiple Choice

-AKB

-KBC

-ACM

-ABL

-ABC

Answers

The per-unit tax has generated total tax revenue of D. $10 million.

The deadweight loss created by the per-unit tax is equal to the area D. ABL.

What is the tax generated ?

The tax generated is:

= 5 x 2 burden on producers and consumers

= $ 10 million

What is Deadweight loss?

Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium of a market is not Pareto optimal.

The deadweight loss is the area of ABL, This is because Deadweight loss can be calculated as the area between the supply and demand curves from the socially efficient level of production to the new equilibrium.

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A person offers you the following deal. You can have the proceeds of $2 doubled each year at the end of 15 years, or you can have $10,000 at the end of 15 years. Which deal should you take? Why?

Answers

I’d take the first answer as it getting doubled by the number so after the 4th year you’d make $65,536 which already a better deal then the second answer

Answer:

The deal I would take is the first deal.

Explanation:

I would take the first deal because as it's getting doubled by the number after the fourth year you would make $65,536 which is way more money then $10,000 at the end of 15 years.

John is putting together an employee handbook. One thing John should NOT include in the handbook is A paragraph that tell employees that as long as performance is satisfactory, they will be retained. A chapter on the history of the company. The work rules of the company. The appeals process for a disciplinary infraction. How to accrue vacation time.

Answers

The answer is a paragraph that tell employees that as long as performance is satisfactory, they will be retained.

Select the correct answer.
Apex Bank lent a substantial amount of money to Polytech Inc. After reviewing the financial statements of Polytech, Apex Bank finds some
Inconsistencies. Which body can Apex Bank approach to verify Polytech's financial data?
ОА.
Chartered Financial Analysts
OB.
Financial Accounting Standards Board
ОС.
American Association of Public Accountants
OD
American Institute of Certified Public Accountants
Ο Ε.
Security and Exchange Commission

Answers

This is wrong do not use this

Answer:

E. Security and Exchange Commission

Explanation:

I'm not 100% sure but i looked through all of them and that one seems to fit best

Apex Bank lent a substantial amount of money to Polytech Inc. After reviewing the financial statements of Polytech, Apex Bank finds some Inconsistencies. Security and Exchange Commission body can Apex Bank's approach to verifying Polytech's financial data. The correct option is E.

Why does the SEC protect investors?

In order to maintain a flexible and effective regulatory environment. Federal securities laws aim to support competitive, fair, and transparent markets that safeguard investors from hidden risk while promoting market access and innovation.

The Securities and Exchange Commission regulates stock exchanges, brokers and dealers in securities, investment advisers, and mutual funds in an effort to encourage ethical business practices, the public disclosure of crucial market information, and the avoidance of fraud.

Thus, the ideal selection is option E.

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Jacob works part-time as a cashier at a drug store. His gross pay for the year
was $8,000. Based on his income level, the federal tax rate he'll need to pay is
10%. For his state taxes, Jacob will need to pay 5% and the FICA rate is
7.65%. What is Jacob's net pay for the year?

A. $1,812
B. $7,200
C. $6,188
D. $6,988

Answers

Answer:

Option C

Explanation:

Gross Salary of Jacob = $ 8000

Federal tax paid by him = 10% of $8000 = $800

State tax = 5% of $8000 = $400

FICA rate = 7.65% of $8000 = $612

Net Pay of Jacob = $ 8000 - $800 -$400-$612

= $6188

Hence, option C is correct

Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:

Answers

Answer: Excessive cost

Explanation:

Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.

The amount of a good that buyers are willing and able to purchase at a given price.
a. Law of Demand
b. Demand Schedule
c. Quantity Demanded
d. Demand Curve

Answers

The quantity desired or demanded is the amount of a good that consumers are both willing and able to buy at a specific price.

In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. The value of a product or service influences whether a marketplace is in equilibrium or not. The link between the amount and quantity desired and the price is known as the demand curve, or simply the demand. The extent to which the volume demanded changes in proportion to price is alluded to as the elasticity of demand. Features include:

1. The entire amount of an item or service that consumers demand over a specific time period is referred to as the quantity demanded in economics.

2. The quantity required is influenced by a product or service's pricing in the market.

3. The law of demand states that there is an inverse relationship between a product's price and its quantity demand.

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What are the top three types of sole proprietorships and percentages?

Answers

Self-Employed Business Owner. A self-employed business owner is someone who conducts a trade or business with the intent of making a profit. ...
Independent Contractor. ...
Franchise.

A new business should be based on an entrepreneur’s individual interests because the entrepreneur must:

A. Have sufficient confidence to succeed
B. Be willing to take personal responsibility
C. Have enough determination to work alone
D. Dedicate as many hours as needed to the work

Answers

Answer:

D. Dedicate as many hours as needed to the work

Explanation:

Have a nice day!! :)

Answer:

Explanation:

All shareholders have the right to attend and vote for the directors in:
Franchise business
O Partnership business
Annual General Meeting

Answers

In a Partnership Business.

On the first day of the fiscal year, Shiller Company borrowed $85,000 by giving a sevenâyear, 7% installment note to Soros Bank. The note requires annual payments of $15,772, with the first payment occurring on the last day of the fiscal year. The first payment consists of interest of $5,950 and principal repayment of $9,822.

Journalize the entries to record the following:

a. Issued the installment note for cash on the first day of the fiscal year.
b. Paid the first annual payment on the note.

Answers

Answer: Please find answer in explanation column

Explanation:

a) Journal to record Issued installment note for cash on the first day of the fiscal year.

Date Account Debit Credit

Jan 1 Cash $85,000

Notes Payable $85,000

b) Journal to record the first annual payment on the note.

Date Account Debit Credit

Dec 31 Interest Expense $5,950

Notes Payable $9,822.

Cash $15,772

Using demand curves, what would happen if the price of pop increases?
o. Demand for pop will increase
b. The demand curve will shift to the right
c. Demand for pop will decrease
The demand curve will shift to the left

Answers

Using demand curves, if the price of pop increases, then, the demand for pop will decrease. The Option

How does demand for product change in response to a change in price?

According to demand law , as the price of a product increases, the quantity demanded of that product will decrease. This inverse relationship between price and quantity demanded is illustrated graphically by a downward-sloping demand curve.

Therefore, if the price of pop increases, the demand for pop will decrease. This can be shown by a movement up along the demand curve, resulting in a lower quantity demanded at each price point.

Answers

Answer:

Explanation:

All of the other options are incorrect

Poor workers in developing countries may not share in economic gains is one major drawback of globalization. Therefore, option A is correct.

What are the drawbacks of globalization?

Globalization has several drawbacks, including:

Widening income inequality: Globalization has led to increased trade and economic growth, but it has also contributed to widening income inequality, especially in developing countries.

Job losses: Globalization can lead to the loss of traditional jobs and industries, especially in developed countries. This is because companies may move their production facilities to countries with lower labor costs, leaving many workers unemployed.

Environmental degradation: Increased trade and economic growth can also lead to environmental degradation, as companies may prioritize profit over environmental sustainability. This can result in pollution, deforestation, and other forms of environmental damage.

Cultural homogenization: Globalization can also lead to the homogenization of cultures, as people become exposed to similar products, services, and ways of life. This can lead to the erosion of traditional cultural practices and values.

Dependency: Some developing countries become too dependent on foreign investment and trade, which can make them vulnerable to economic shocks and downturns.

Unequal distribution of benefits: Globalization can benefit some groups more than others, leading to unequal distribution of benefits.

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Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment

Answers

Answer:

Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.

Explanation:

Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.

Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :

build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.

Four Ways through which Schools can promote Entrepreneurship include the following

Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.

What is Entrepreneurship ?

Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.

Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.

Entrepreneurship brings about creativity and as such value is created which leads to more wealth.

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which strategy is most likely to be effective in promoting semantic development?

Answers

Providing rich and varied language experiences in a supportive and interactive environment is the most effective strategy in promoting semantic development.

Semantic development refers to the acquisition and understanding of meaning in language. To promote semantic development, it is important to expose individuals, particularly children, to a wide range of vocabulary and concepts in a meaningful context. Here's an explanation of why providing rich and varied language experiences in a supportive and interactive environment is an effective strategy:

Exposure to rich vocabulary: Introducing children to a diverse range of words helps expand their understanding of concepts and enhances their ability to express themselves. Providing access to books, engaging in conversations, and offering educational activities that introduce new vocabulary all contribute to semantic development.

Meaningful context: Language is best learned when it is used in meaningful and relevant contexts. Connecting words and concepts to real-life situations helps individuals grasp the meaning more effectively. For example, discussing objects and actions during daily routines or using vocabulary in imaginative play fosters a deeper understanding of semantic relationships.

Supportive and interactive environment: Creating an environment that encourages active participation and communication supports semantic development. When individuals are given opportunities to engage in conversations, ask questions, and express their thoughts, they develop a stronger grasp of semantic concepts. Supportive adults or peers can provide feedback, clarify meanings, and scaffold learning, further enhancing semantic development.

The most effective strategy to promote semantic development is to provide rich and varied language experiences in a supportive and interactive environment. This approach ensures exposure to a diverse vocabulary, meaningful contexts for learning, and opportunities for active engagement, all of which contribute to a deeper understanding of language and its meaning.

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Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability

Answers

I'd say D just because if you can't rely on someone and I doesn't get there it's going to be really bad

Foreign currency nonmonetary assets and liabilities for non-free-standing subsidiaries are translated using the:
Multiple Choice
present value rate of exchange when the translation takes place.
current rate of exchange on the balance sheet date.
historic rate of exchange in effect when the asset or liability was acquired or incurred.
temporal rate of exchange on the balance sheet date.

Answers

Foreign currency nonmonetary assets and liabilities for non-free-standing subsidiaries are translated using the historic rate of exchange in effect when the asset or liability was acquired or incurred. Therefore the correct option is C.

Historic rate of exchange refers to the exchange rate that was in effect when a particular asset or liability was acquired or incurred. It is important because it determines the value of the asset or liability and affects financial reporting and analysis.

For example, if a company acquires a piece of equipment from a foreign supplier, the value of that equipment will be recorded in the company's financial statements using the historic exchange rate at the time of acquisition. Changes in exchange rates can impact the company's financial statements and have implications for decision-making and risk management.

Hence the correct option is C

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How did woodrow wilson try to regulate the economy? wilson attacked foreign goods and erected trade barriers against them. wilson supported a flat tax, which taxed the wealthy and the poor at the same rate. wilson attacked the tariffs, the banks, and the trusts..

Answers

The Correct Option : Wilson attacked foreign goods and erected trade barriers against them.

How did Woodrow Wilson regulate the economy?

Woodrow Wilson claimed his place within the Progressive movement with his economic reform package, "the New Freedom." This agenda, which passed congress at the end of 1913, included tariff, banking, and labor reforms and introduced the income tax.

Wilson's most important proposal was the prevention of future wars by means of a new international organization, a league of nations, open to membership by all democratic states.

This new world body would be in charge of disarmament and the dismantling of colonial possessions.

Who was Thomas Woodrow Wilson ?

Thomas Woodrow Wilson was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election.

Therefore, we can conclude that the correct option is : Wilson attacked foreign goods and erected trade barriers against them.

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Which of these people is most likely a freelancer?

a.Zoey, who writes and films video ads for small towns tourism agencies

b.Zane, who works part-time at a fast food restaurant

c. Carson, who builds birdhouses from scratch and sells them at craft shows

d. Carey, who does purchasing for a university bookstore and student union

Answers

A. Zoey is likely a freelancer

Answer:

D and ignore this just random stuff aishdbsskw

"drawing relevant examples from the extract, discuss
the leadership qualities of Steve Jobs and bring out how his
leadership embodies the nature and elements of leadership

Answers

Steve Jobs, the co-founder of Apple Inc., exhibited remarkable leadership qualities that contributed to his success and the transformation of Apple into one of the world's most valuable companies.

Firstly, Jobs demonstrated a visionary leadership style. He had a clear and compelling vision of creating innovative products that would revolutionize industries. For instance, his vision of a user-friendly personal computer led to the development of the Macintosh.Secondly, Jobs possessed strong passion and charisma. He had a relentless drive to pursue excellence and inspire others to share his vision. His charisma and persuasive communication skills motivated employees and stakeholders His leadership embodied several key elements.

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which of the following financial statements measures the wealth of a firm at a point in time?
A. statement of CFs
b. inc statement
C. BS

Answers

The financial statements measures the wealth of a firm at a point in a givn time is given by C. Balance Sheet.

The Balance Sheet is a financial statement that provides a snapshot of a company's financial position at a specific point in time.

It presents the assets, liabilities, and shareholders' equity of the company, representing the resources owned by the company assets.

The obligations it owes liabilities and the residual value available to the owners shareholders' equity at a given moment.

The Balance Sheet reflects the company's wealth or net worth at that particular point in time.

The Statement of Cash Flows (A) provides information about the cash inflows and outflows of a company during a specific period.

Showing how cash has been generated and used.

The Income Statement (B) shows the company's revenues, expenses, gains, and losses over a given period.

Providing information on its profitability but it does not directly measure the company's wealth at a point in time.

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Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700

Answers

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Answer:

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Explanation:

What is a major function of the public sector

Answers

Answer:

Public sector provides many services such as; education, health and social care.

Which of the following is caused by an increase in the price of an important input such as labor, due to an increase in the minimum wage laws thresholds? Select the correct answer below: the short-run aggregate supply curve shifts to the left O the short-run aggregate supply curve shifts to the right O the long run aggregate supply curve shifts to the right O the long-run aggregate supply curve shifts to the left

Answers

An increase in the price of an important input, such as labor, due to an increase in the minimum wage laws thresholds, leads to a decrease in the short-run aggregate supply (SRAS). The short-run aggregate supply curve shifts to the left. The correct answer is option a.

The short-run aggregate supply curve represents the relationship between the overall price level and the total output supplied by firms in the short run.

When the price of an important input, such as labor, increases, firms face higher production costs. This can occur when the minimum wage is raised, as it directly affects labor costs. With higher costs of production, firms are less willing or able to supply the same quantity of goods and services at every price level.

As a result, the short-run aggregate supply curve shifts to the left, indicating a decrease in the quantity of goods and services supplied at any given price level. This leftward shift reflects the reduced ability of firms to produce and supply output due to the higher input costs. It implies that, in the short run, the economy's capacity to produce has diminished.

It's worth noting that the long-run aggregate supply (LRAS) curve represents the economy's potential output when all factors of production, including labor, have adjusted to market conditions.

An increase in the price of an important input, such as labor, may have long-term effects on the LRAS curve, but the immediate impact is reflected in the short-run aggregate supply curve shifting to the left.

The correct answer is option a.

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Complete question

Which of the following is caused by an increase in the price of an important input such as labor, due to an increase in the minimum wage laws thresholds? Select the correct answer below:

a. the short-run aggregate supply curve shifts to the left

b. the short-run aggregate supply curve shifts to the right

c. the long run aggregate supply curve shifts to the right

d. the long-run aggregate supply curve shifts to the left

A binding price ceiling is a mandated _______.

A. maximum price above the market equilibrium price
B. minimum price above the market equilibrium price
C. maximum price below the market equilibrium price
D. minimum price below the market equilibrium price

Answers

A binding price ceiling is a mandated "maximum price below the market equilibrium price."

This is because a binding price ceiling is a point at which the price of certain commodities can not rise above the market equilibrium price.

The binding price ceiling is usually set by the government rather than the force of demand and supply.

The binding price ceiling has negatives, such as leading to a shortage of supply.

Hence, in this case, it is concluded that the correct answer is option C.

"maximum price below the market equilibrium price."

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Answer:

I took the quick check. brainliest would be nice

Explanation:

1: C- maximum price below the market..

2:C- producers from low market..

3: C- led to a shortage as prices are kept from rising....

4: D- a price ceiling of 1,000

5: A- the surplus resulting from the price floor...

A worker at a landscape design center uses a machine to fill bags with potting soil. Assume that the quantity put in each bag follows the continuous uniform distribution with low and high filling weights of 13. 4 pounds and 15. 9 pounds, respectively. A. Calculate the expected value and the standard deviation of this distribution. (Do not round intermediate calculations. Round your "Expected value" to 2 decimal places and "Standard deviation" answer to 4 decimal places. ) b. Find the probability that the weight of a randomly selected bag is no more than 14. 6 pounds. (Round your answer to 2 decimal places. ) c. Find the probability that the weight of a randomly selected bag is at least 14. 1 pounds. (Round your answer to 4 decimal places. )

Answers

The expected value and the standard deviation of this distribution is explained below.

So, here, Let X = the quantity of soil which is put in each bag.

The random variable X tends to follow a Uniform distribution.

Whereas, the range of the values of X are, [8.1, 13.1].

And the probability density function of X is:

fx(x) = 1/2 (a+b) = 8.1+13.1 / 2

=10.6

Then, Compute the expected value of X as follows:

E(X) = 1/2(a + b) = 8.1+13.1 / 2

=10.6

Thus, the expected value of X is 10.60.

Now we will compute the standard deviation of X as follows:

$SD(X) = \sqrt{1/2 (b-a)^{2} } = \frac{5}{12}^{2} \\= 1.4434$

Thus, the standard deviation of X is 1.4434.

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Economists assume that people are rational in the sense that.

Answers

In the sense that consumers and firms use all available information as they take actions intended to achieve their goals

The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (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 for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31