Which one of the following accounts would NOT have a balance after closing entries? Multiple Choice Dividends. Prepaid Rent Deferred Revenue. Supplies Saved -0,000 from Prime Bank by signing a three-year, 6% note payable Inter December 31, 20212 credit Interest Payable for $5,000 credit Interest Payable for $15,000 credit interest Payable for $10,000 ssary Next > FI Dre 15 of 44 The following information was taken from a company's bank reconciliation at the end of the year Bank balance Checks outstanding Note collected by the bank Service fee Deposits outstanding NSF check $9,200 $7,000 $1,600 27 $5,300 $ 480 What is the correct cash balance that should be reported in the company's balance sheet at the end of the year? Multiple Choice $7,500 $10,320 $7,473 Which of the following best describes the goal of internal controls? Multiple Choice Ensuring the business is profitable. Improving the accuracy and the reliability of financial information. Ensuring the compliance with tax regulations Enhancing the health of employees Help Save Et Submit A company reported the following amounts at the end of the year total sales revenue - $500,000; sales discounts = $10,000, sales allowances $15,000; net revenues - $440,000. What amount did the company report for sales returns for the year? Multiple Choice $475,000 $25,000 $35,000 $415,000