Business, 26.08.2021 04:20 dezmondpowell
The entry to close Income Summary includes a: debit to Income Summary for $3010. credit to Common Stock for $3010. debit to Retained Earnings for $3010. credit to Income Summary for $3010.
Answers: 1
Business, 22.06.2019 07:30
When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates
Answers: 1
Business, 22.06.2019 11:10
Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. β exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) β na = (360 ) (360 ) oa b. na = (360 ) + 360 360 β na = 360 na c. (360 ) = na + (360 ) (360 ) β na = (360 ) na d. na = (360 ) + 360 360 β na = 360 na
Answers: 1
Business, 22.06.2019 20:00
Assume the perpetual inventory method is used. 1) the company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) the company returned $1,200 of merchandise to the supplier before payment was made. 3) the liability was paid within the discount period. 4) all of the merchandise purchased was sold for $18,800 cash. what effect will the return of merchandise to the supplier have on the accounting equation?
Answers: 2
Business, 22.06.2019 23:00
Which completes the equation? o + a + consideration (+ = k legal capacity legal capability legal injunction legal corporation
Answers: 1
The entry to close Income Summary includes a: debit to Income Summary for $3010. credit to Common St...
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