A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained
earnings in the process of closing the Income Summary account? (Assume all
accounts have normal balances.)
Retained earnings
Dividends
Revenue
Rent expense
Salaries expense
Insurance expense
Depr. Expense-equipment
Accum depr.-equipment
$ 7,000
9,600
29,000
3,600
7,200
920
500
1,500

a.

step-by-step explanation:

step 1 distribute 2 to every term in the parentheses

step 2 add 10 on both sides of the equal sign

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step-by-step explanation:

hi there!

first we need to find out how much they are adding to each number to make the next number.

ex: 4 + 4 = 8, 8 + 8 = 16, and so on.

so continuing with 32,

32 + 32 = 64

64 + 64 = 128

128 + 128 = 256

256 + 256 = 512

4, 8, 16, 32, 64, 128, 256, 512

the 8th term of the sequence will be 512

hope this ! ~