Business, 07.04.2020 21:57 niescarlosj
The adjusted trial balance of Metlock, Inc. shows these data pertaining to sales at the end of its fiscal year, October 31, 2022: Sales Revenue $906,500; Freight-Out $14,200; Sales Returns and Allowances $21,000; and Sales Discounts $15,000.
A) Prepare the revenues section of the income statement. B) Prepare separate closing entries for (1) sales and (2) the contra accounts to sales.
Answers: 3
Another question on Business
Business, 22.06.2019 05:30
In most states, a licensee must provide a(n) of any existing agency relationships to all parties
Answers: 3
Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 3
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
Business, 22.06.2019 15:10
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
You know the right answer?
The adjusted trial balance of Metlock, Inc. shows these data pertaining to sales at the end of its f...
Questions
History, 14.01.2020 01:31
English, 14.01.2020 01:31
Physics, 14.01.2020 01:31
Arts, 14.01.2020 01:31
Biology, 14.01.2020 01:31
Social Studies, 14.01.2020 01:31
Mathematics, 14.01.2020 01:31
Biology, 14.01.2020 01:31
Biology, 14.01.2020 01:31
Chemistry, 14.01.2020 01:31
Mathematics, 14.01.2020 01:31
