Business, 29.10.2020 17:20, maryalice2002

The F. Mercury, Capital account has a credit balance of $43,000 before closing entries are made. Total revenues for the period are $61,200, total expenses are $42,800, and withdrawals are $11,400. Required:
What is the correct closing entry for the revenue accounts?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 21:20, danielahumajova6

In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources. b. (ii) determine how much of each good gets produced. c. (iii) can be used to predict the impact on the economy of various events and policies. d. all of (i), (ii), and (iii) are correct.

Answers: 3

continue

Business, 23.06.2019 02:30, erik2219

Drag the tiles to the correct boxes to complete the pairs. match the scenarios with terms related to financial aid. entrance counseling fafsa financial need megan is planning to pursue an undergraduate degree in chemistry. but since her father lost his job five years ago, the family had been unable to save up enough for megan's education. arrowright kunal recently learned that he is going to receive a student loan. now he needs to attend a session in which he will learn the how the loan process works, as well as his responsibilities as a borrower. arrowright josie created an fsa id and completed a long application form online. the form asked for a lot of financial details about josie and her family. arrowright

Answers: 1

continue

Business, 23.06.2019 02:50, seanisom7

Ll companies has sales of $9,800, net income of $1,060, total assets of $8,950, and total debt of $4,760. assets and costs are proportional to sales. debt and equity are not. a dividend of $371 was paid, and the company wishes to maintain a constant payout ratio. next year's sales are projected to be $10,584. what is the amount of the external financing need?

Answers: 3

continue

Business, 23.06.2019 05:30, chiah

When conducting a swot analysis, information about turnover, profit margins, and staff quality can be used to identify:

Answers: 1

continue

Do you know the correct answer?

The F. Mercury, Capital account has a credit balance of $43,000 before closing entries are made. Tot...