Business

Business, 26.07.2019 06:30, EllaLovesAnime

You have a very simple business with just four t-accounts. one has a credit balance of $34,888. the other three have debit balances of $23,322, $4,312, and $5,675. are your accounts in balance? a) yes b )no

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Business, 26.06.2019 02:40, lexieprochaskaaa

Which statement is true about ledger balances? a. asset accounts have credit balances. b. liability accounts have debit balances. c. equity accounts have credit balances. d. expense accounts have credit balances. e. revenue accounts have debit balances.

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Business, 26.09.2019 17:30, abell23000

Exercise 4-8 preparing and posting closing entries lo p2 use the may 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). general ledger m. muncel, capital acct. no. 301 salaries expense acct. no. 622 date pr debit credit balance date pr debit credit balance may 31 g2 40,000 may 31 g2 20,000 m. muncel, withdrawals acct. no. 302 insurance expense acct. no. 637 date pr debit credit balance date pr debit credit balance may 31 g2 22,000 may 31 g2 4,400 services revenue acct. no. 401 rent expense acct. no. 640 date pr debit credit balance date pr debit credit balance may 31 g2 76,000 may 31 g2 8,400 depreciation expense acct. no. 603 income summary acct. no. 901 date pr debit credit balance date pr debit credit balance may 31 g2 15,000 1. prepare closing journal entries from the above ledger accounts. 2. post the entries from requirement 1 to the general ledger accounts below. use the transaction number from requirement 1 as the date.

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Business, 11.10.2019 21:30, queenkimm26

If the individual subsidiary ledger accounts contained the following data: cadence company, vendor, $186, credit balance franklin enterprises, customer, $431, debit balance marcelo construction, client, $299, debit balance peyton supplies, supplier, $91, credit balance the accounts receivable (a/r) control account and the accounts payable (a/p) control account balances would be: a.a/r, $91; a/p, $186

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Business, 02.11.2019 04:31, AdoNice

If the individual subsidiary ledger accounts of accounts receivable and accounts payable contained the following data: cadence company - vendor - $125 credit balance franklin enterprises - customer - $75 debit balance marcelo construction - client - $375 - debit balance peyton supplies - supplier - $275 - credit balance the accounts receivable (a/r) controlling account balance and the accounts payable (a/p) controlling account balances would be: a. a/r - $200, a/p - $650 b. a/r - $400, a/p - $450 c. a/r - $450, a/p - $400 d. a/r - $75, a/p - $775

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