Mathematics
Mathematics, 03.09.2021 08:30, levicorey846

A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What net amount will be posted to Retained Earnings in the process of closing
the Income Summary account? (Assume all accounts have normal balances.)
Retained Earnings
$7,000
Dividends
9,600
Revenue
29,000
Rent Expense
3,600
Salaries Expense
7,200
Insurance Expense
920
Deprec. Expense - equipment
500
Accum. Deprec-equipment
1,500
A) $18,280 credit
B) $16,780 credit
C) $16,700 debit
D) $7,180 credit
E) $22,780 Credit

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 18:30, luvme68297
Which statement justifies why angle ebc measures 90?
Answers: 3
image
Mathematics, 21.06.2019 20:10, Wolfy07
60 2(x + 2) in the diagram, gef and hef are congruent. what is the value of x?
Answers: 2
image
Mathematics, 21.06.2019 20:10, cl6205071
Which is f(5) for the function –2x2 + 2x - 3?
Answers: 1
image
Mathematics, 21.06.2019 20:30, stgitskaysie9028
Write an expression that represent sarah’s total pay last week. represent her hourly wage with w monday 5 tuesday 3 wednesday 0 noah hours wednesday 8 only with w wage did noah and sarah earn the same amount last week?
Answers: 3
Do you know the correct answer?
A company's ledger accounts and their end-of-period balances before closing entries are posted are...

Questions in other subjects:

Konu
Computers and Technology, 28.05.2021 23:40
Konu
Mathematics, 28.05.2021 23:40