When producers specialize and exchange goods and services, outcomes improve because of:

When producers specialize and exchange goods and services, outcomes improve because of: a Sidenes and wages eemed bul ner yet paid er rocopoce, sm Journal entry worksheet Record entry to close revenue and expense accounts to retained earnings. Note: Enter debits before credits. [The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H \& H Tool, Incorporated) on January 1 , 2020. The annual reporting period ends December 31. The trial balance on January 1, 2021, follows (the amounts are rounded to thousands of dollars to simplify)