Business
Business, 16.03.2020 17:40, xojade

Use the following account balances from the adjusted trial balance of Maynard Consulting:Account Debit Balance Credit Balance Cash 20,500 Accounts Payable 2,000 B. Conway, Drawing 600 B. Conway, Capital 13,000 Fees Revenue 18,000 Salary Expense 2,600 Rent Expense 3,000 Supplies Expense 1,900 Advertising Expense 800 Select the correct closing entry that ABC Consulting would make to close their expense account(s) at the end of the accounting period. Multiple Choice(A) debit Income Summary $8,300 and credit B. Conway, Capital for $8,300.(B) debit B. Conway, Capital $8,300 and credit Salary Expense $2,600; credit Rent Expense $3,000; credit Supplies Expense $1,900; Advertising Expense $800.(C) debit Salary Expense $2,600; debit Rent Expense $3,000; debit Supplies Expense $1,900; debit Advertising Expense $800 and credit Income Summary $8,300.(D) debit Income Summary $8,300 and credit Salary Expense $2,600; credit Rent Expense $3,000; credit Supplies Expense $1,900; Advertising Expense $800.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 20:00, Ataklty
When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting
Answers: 3
image
Business, 21.06.2019 20:30, hoolio4495
At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?
Answers: 3
image
Business, 22.06.2019 11:30, wrivera32802
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?
Answers: 1
image
Business, 22.06.2019 12:10, mcguirefam7071p2mbzz
Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations
Answers: 2
Do you know the correct answer?
Use the following account balances from the adjusted trial balance of Maynard Consulting:Account Deb...

Questions in other subjects:

Konu
Mathematics, 25.11.2021 08:50