Business, 08.11.2019 22:31 dwebster9099
Capri company began the current period with a $20,000 credit balance in the k. capri, capital account. at the end of the period, the company’s adjusted account balances include the following temporary accounts with normal balances.
service fees earned $ 70,000 interest revenue $ 7,000
salaries expense 38,000 k. capri, withdrawals 12,000
depreciation expense 8,000 utilities expense 4,600
1. after closing the revenue and expense accounts, what will be the balance of the income summary account?
2. after all closing entries are journalized and posted, what will be the balance of the k. capri, capital account?
Answers: 2
Business, 21.06.2019 21:40
Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .
Answers: 1
Business, 22.06.2019 11:00
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
Business, 22.06.2019 19:40
Sue now has $125. how much would she have after 8 years if she leaves it invested at 8.5% with annual compounding? a. $205.83b. $216.67c. $228.07d. $240.08e. $252.08
Answers: 1
Business, 22.06.2019 22:30
Aresearcher developing scanners to search for hidden weapons at airports has concluded that a new scanner isis significantly better than the current scanner. he made his decision based on a test using alpha equals 0.025 .α=0.025. would he have made the same decision at alpha equals 0.10 question mark α=0.10? how about alpha equals 0.01 question mark α=0.01? explain
Answers: 3
Capri company began the current period with a $20,000 credit balance in the k. capri, capital accoun...
Geography, 14.07.2019 22:00
Mathematics, 14.07.2019 22:00
Health, 14.07.2019 22:00
History, 14.07.2019 22:00
Chemistry, 14.07.2019 22:00
Mathematics, 14.07.2019 22:00
History, 14.07.2019 22:00