Business, 28.10.2019 23:31, austinhamy1

Rogers insurance agency started the year with a beginning capital balance of $ 25 comma 000. during the year, rogers insurance agency earned $ 41 comma 000 of service revenue and incurred $ 26 comma 000 of various expenses. rogers withdrew $ 11 comma 000 from the business. after the closing entries are recorded and posted, what will be the balance of rogers, capital? post the beginning balance and closing entry amounts to the capital account. use a "bal." posting reference to show the beginning and ending balance of the capital account. use a "clos." posting reference to show the amounts that are posted while closing the books. the revenue and expense amounts should be combined into one closing entry for net income (like you are closing the income summary account).

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:40, emojigirl5754

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

Answers: 2

continue

Business, 22.06.2019 18:30, maddylol3863

Hilary works at klothes kloset. she quickly the customers, and her cash drawer is always correct at the end of her shift. however, she never tries to "upsell" the customers (for example, by asking if they would like to purchase earrings to go with the shirt they chose or by suggesting a purse that matches the shoes they are buying). give hilary some constructive feedback on her performance.

Answers: 3

continue

Business, 22.06.2019 19:30, cyynntthhiiaa4

Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center

Answers: 2

continue

Business, 22.06.2019 20:00, princesincer9256

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer:

Answers: 2

continue

Do you know the correct answer?

Rogers insurance agency started the year with a beginning capital balance of $ 25 comma 000. during...