subject
Business, 24.08.2021 01:50 elishane864

In the general journal, Amy saw a record in the owner's drawing account indicating that a partner withdrew $675 from her firm last month. Which of the following is a closing general journal entry that Amy will make related to this withdrawal? a) Amy will not make a closing general journal entry related to this withdrawal.
b) Amy will record a credit of $675 to the cash account.
c) Amy will record a debit of $675 to the owner's capital account.
d) Amy will record a credit of $675 to accounts payable.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 23:00
The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.
Answers: 3
question
Business, 22.06.2019 01:30
What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond
Answers: 3
question
Business, 22.06.2019 13:50
When used-car dealers signal the quality of a used car with a warranty, a. buyers believe the signal because the cost of a false signal is high b. it is not rational to believe the signal because some used-car dealers are crooked c. the demand for lemons is eliminated d. the price of a lemon rises above the price of a good used car because warranty costs on lemons are greater than warranty costs on good used cars
Answers: 2
question
Business, 22.06.2019 17:10
Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?
Answers: 1
You know the right answer?
In the general journal, Amy saw a record in the owner's drawing account indicating that a partner wi...
Questions
question
Mathematics, 12.05.2021 09:40
question
Mathematics, 12.05.2021 09:40
question
Mathematics, 12.05.2021 09:40
Questions on the website: 13722367