Manufacturing company and merchandising company work sheets are prepared using the same four steps. Select one: True False To close Income Summary at the end of the year, Retained Earnings is credited for the amount of net income. Select one: True False   __________ is the consumption or exhaustion of natural resources. Please answer all questions ill give thumbs up thanks

Hello, I need help solving this accounting problem.

Product or DM/DL/OH/S ell/Admin Cost Period а. Annual bonus paid to top executives of the company b. Cost of paving the headquarters employee parking lot С. Steering wheels d. Salary of shop supervisor е. Power used by sanding equipment f. Cost of electrical wiring for boats g. Commissions to sales representatives, based upon the number of boats sold h. Legal department cost for the year i. Memberships for key executives in the Bass World Association j. Yearly cost of maintenance contract for robotic equipment k. Cost of normal scrap from defective hulls I. Masks for use by sanders in smoothing boat hulls m. Decals for boat hulls n. Salary of president of company о. Cost of boat for "grand prize" promotion in local bass tournament р. Special advertising campaign in Bass World q. Wood paneling for use in interior boat rim r. Cost of metal hardware for boats, such as ornaments & tie-down grasps S. Annual fee to pro-fisherman Bill Tennessee to promote the boats t. Canvas top for boats u.…

Please do not provide answer in image formate thank you.

answer in text form with all workings like explanation , computation , steps for every steps for all requirements

Q.4. The following data were taken from the records of Al Nada Manufacturing Company for the year ended December 2020. (Amounts are given in OMR) 15,000 4,600 27,600 8,650 554,000 4,200 96,400 1,400 29,000 159,250 25,460 9,600 Factory Depreciation Factory Insurance Factory Utilities Office Utilities Net Sales Salesman's Salary Raw Materials Used Office Repairs Office Manager's Salary Direct Labor Indirect Labor Office Property Taxes Work in process inventory was OMR 18,900 at January 1 and OMR 18,600 at December 31. Finished goods inventory was OMR 95,900 on January 1 and OMR 96,000 on December 31. Instructions: (i) Compute the cost of goods sold. (ii) What is the difference between a merchandiser's balance sheet and a manufacturer's balance sheet.

2. For each of the transactions for the month below, journalize the necessary entry. The first entry has been completed for you.

Please do not give solution in image format thanku

Required information [The following information applies to the questions displayed below.] Marco Company shows the following costs for three jobs worked on in April. Balances on March 31 Direct materials used (in March) Direct labor used (in March) Overhead applied (March) Costs during April Direct materials used Direct labor used Overhead applied Status on April 30 a. Materials purchases (on credit). b. Direct materials used. View transaction list Journal entry worksheet

A. Prepare the January income statement for a Sorensen manufacturing company