If a business reports a net loss for the period, the journal entry to close the Income Summary account would be .
A. a debit to Capital and a credit to Income Summary
B. a debit to Revenue accounts and a credit to Income Summary
C. a debit to Income Summary and a credit to Capital
Answers: 2
Business, 21.06.2019 16:30
Gather reliable information to brent make his decision. to gather this information, use newspapers, call insurance companies or look at their web sites, and review consumer magazines and web sites. also, look at the manufacturer web site or for information about gas mileage. list the sources you use and take notes.
Answers: 3
Business, 22.06.2019 05:30
Financial information that is capable of making a difference in a decision is
Answers: 3
Business, 22.06.2019 10:20
Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.
Answers: 1
If a business reports a net loss for the period, the journal entry to close the Income Summary accou...
Geography, 17.10.2019 00:00
History, 17.10.2019 00:00
History, 17.10.2019 00:00
Physics, 17.10.2019 00:00
Mathematics, 17.10.2019 00:00
Social Studies, 17.10.2019 00:00
Spanish, 17.10.2019 00:00
English, 17.10.2019 00:00
History, 17.10.2019 00:00
History, 17.10.2019 00:00
Arts, 17.10.2019 00:00
Mathematics, 17.10.2019 00:00