Business, 20.07.2020 01:01 lanaiheart7
A post-closing trial balance will reflect balances, after closing entires have been posted to reset the temporary accounts as follows:
A) zero balances for balance sheet accounts.
B) Balances only showing in income statement accounts
C) Balances only showing for balance sheet accounts.
D) zero balances for all accounts.
Answers: 3
Business, 21.06.2019 20:20, help1572
After all revenue and expense accounts have been closed at the end of the fiscal year, income summary has a debit of $2,450,000 and a credit of $3,000,000. at the same date, retained earnings has a credit balance of $8,222,600, and dividends has a balance of $125,000. required: a. journalize the entries required to complete the closing of the accounts on december 31. refer to the chart of accounts for exact wording of account titles. b. determine the amount of retained earnings at the end of the period.
Answers: 1
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The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.
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True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
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When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
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