subject
Business, 15.10.2021 01:00 bponce06

A company had the following selected balances: Account Debit Credit Service Revenue $8,000 Rental Revenue $2,000 Wages Expense $500 Utilities Expense $100 The third closing journal entry, after closing revenues and expenses, would include which of the following? Multiple choice question. Debit Income Summary $9,400; and credit Retained Earnings $9,400. Debit Income Summary $10,000; and credit Retained Earnings $10,000. Credit Income Summary $9,400; and debit Retained Earnings $9,400. Debit Income Summary $600; and credit Expenses $600.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:20
Suppose that real interest rates increase across europe. this development will u.s. net capital outflow at all u.s. real interest rates. this causes the loanable funds to because net capital outflow is a component of that curve.
Answers: 1
question
Business, 22.06.2019 12:50
Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)
Answers: 1
question
Business, 22.06.2019 17:30
One of your new suppliers, kim, has been hearing rumors about your firm’s lack of capability to deliver high quality products and writes an email asking you to address the claims being made. in replying to her, you want to be sure that you are very clear and leave no room for misinterpretation. which of the following aspects of effective communication should you give the most attention? (a) making sure you understand kim’s areas of expertise. (b) supporting your reply with relevant data and facts. (c) establishing your credibility as an expert. (d) paying attention to implied communications.
Answers: 2
question
Business, 22.06.2019 17:30
Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?
Answers: 2
You know the right answer?
A company had the following selected balances: Account Debit Credit Service Revenue $8,000 Rental Re...
Questions
question
Mathematics, 07.01.2020 20:31
question
History, 07.01.2020 20:31
question
Mathematics, 07.01.2020 20:31
question
Mathematics, 07.01.2020 20:31
Questions on the website: 13722362