Business, 26.02.2020 02:53 greenbyron88
A company had revenues of $75,000 and expenses of $62,000 for the accounting period. The owner withdrew $8,000 in cash during the same period. Which of the following entries could not be a closing entry?
A. Debit Income Summary $62,000, credit Expenses $62,000.
B. Debit Income Summary $13,000; credit Owner's, Capital $13,000.
C. Debit Owner's, Capital $8,000, credit Owner's, Withdrawals $8,000.
D. Debit Revenues $75,000; credit Income Summary $75,000.
E. Debit Income Summary $75,000; credit Revenues $75,000.
Answers: 3
Business, 22.06.2019 06:00
Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection
Answers: 1
Business, 22.06.2019 10:30
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Answers: 1
Business, 22.06.2019 10:50
Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?
Answers: 2
Business, 22.06.2019 11:30
4. chef a says that broth should be brought to a boil. chef b says that broth should be kept at an even, gentle simmer. which chef is correct? a. neither chef is correct. b. chef a is correct. c. both chefs are correct. d. chef b is correct. student c incorrect which is right answer
Answers: 2
A company had revenues of $75,000 and expenses of $62,000 for the accounting period. The owner withd...
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