Minor changes to a will can be made with a simple document called a codicil

Leader pricing is a technique in which a small company marks down the price of a popular item below its normal price in an attempt to increase customer traffic and to boost sales of other items

Indicate whether the statement is true or false

(Preparing closing entries and financial statements from a trial balance.)

Presented below is the adjusted trial balance for the General Fund of the Town of Tranquil Bay at December 31, 2013, the end of the fiscal year. Based on this information, prepare, in good form: a. closing entries b. the statement of revenues, expenditures, and changes in fund balance for the year c. the balance sheet at December 31, 2013 . Town of Tranquil Bay General Fund Adjusted Trial Balance December 31, 2013 Cash 19,750 Taxes receivable, net 137,000 Investments 65,000 Due from other funds 68,000 Vouchers payable 38,750 Due to other funds 142,750 Unassigned fund balance 117,000 Estimated revenues 610,000 Appropriations 590,000 Budgetary fund balance 20,000 Revenues-taxes 590,175 Revenues-charges for services 14,080 Expenditures-personal services 287,125 Expenditures-supplies 29,680 Expenditures-capital outlay 244,000 Transfer in from debt service fund 32,500 Transfers out to capital projects fund 84,700 0 $1,545,255 $1,545,255