subject
Business, 09.08.2021 04:50 gabby7398

In the general journal, Amy saw a record in the owner's drawing account indicating that a partner withdrew $675 from her firm last month. Which of the following is a closing general journal entry that Amy will make related to this withdrawal?
a, Amy will not make a closing general journal entry related to this withdrawal.
b, Amy will record a credit of $675 to the cash account
c, Amy will record a debit of $675 to the owner's capital account.
d, Amy will record a credit of $675 to accounts payable

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 10:40, meillsss
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
image
Business, 22.06.2019 10:40, Yskdl
Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?
Answers: 3
image
Business, 22.06.2019 11:30, Coltong121
Buyer henry is going to accept seller shannon's $282,500 counteroffer. when will this counteroffer become a contract. a. counteroffers cannot become contracts b. when henry gives shannon notice of the acceptance c. when henry signs the counteroffer d. when shannon first made the counteroffer
Answers: 3
image
Business, 22.06.2019 19:00, RoyalGurl01
Describe how to write a main idea expressed as a bottom-line statement
Answers: 3
You know the right answer?
In the general journal, Amy saw a record in the owner's drawing account indicating that a partner wi...

Questions in other subjects:

Konu
Mathematics, 27.01.2021 14:00
Konu
Mathematics, 27.01.2021 14:00