After the accounts have been adjusted at June 30, the end of the fiscal year, the following
Question:
Bryan Orr, Capital ........ $275,000
Bryan Orr, Drawing ...... 25,000
Fees Earned ......... 400,000
Wages Expense ......... 280,000
Rent Expense ......... 40,000
Supplies Expense ....... 3,000
Miscellaneous Expense ...... 12,000
Journalize the four entries required to close the accounts.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
June 30 Fees Earned 400000 Income Summary 400000 30 Income S...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
After the accounts have been adjusted at Retained Earnings $ 275,000 Dividends 25,000 Fees Earned 400,000 Wages Expense 280,000 Rent Expense 40,000 Supplies Expense 3,000 Miscellaneous Expense 12,000...
-
After the accounts have been adjusted at October 31, the end of the fiscal year, the following balances were taken from the ledger of Velocity Delivery Services Co.: Lisa Jordon, Capital ..............
-
After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Nuclear Landscaping Co.: Felix Godwin, Capital .....................
-
Discuss the various ways project change can be managed. In your discussion, be sure to include real world examples if you have experienced them those experiences may help your project
-
Corbin Drycleaners has the capacity to clean up to 6,000 garments per month. Requirements 1. Complete the following schedule for the three volumes shown. 2. Why does the average cost per garment...
-
An article in Nuclear Engineering International (February 1988, p. 33) describes several characteristics of fuel rods used in a reactor owned by an electric utility in Norway. Measurements on the...
-
Find the value of \(m\) for which the wall shear stress is independent of the principal flow direction. Find the value of \(m\) for which the boundary-layer thickness is a constant.
-
A random sample of 174 college students was asked to indicate the number of hours per week that they surf the Internet for either personal information or material for a class assignment. The sample...
-
Consider the three stocks in the following table. Pi represents a price per share at time t (year), and Qi represents shares outstanding (numbers) at time t. Stocks Po Qo P Q1 P2 Q2 A 110 200m 120...
-
On January 1, 2021, the Marshall Company acquired 100 percent of the outstanding common shares of the Tucker Company. To acquire these shares, Marshall issued $267,000 in long-term liabilities and...
-
Mavis Curry owns and operates A2Z Delivery Services. On January 1, 2011, Mavis Curry, Capital had a balance of $600,000. During the year, Mavis made no additional investments and withdrew $45,000....
-
Pacifica Consulting is a consulting firm owned and operated by Tara Milsap. The end-of- period spreadsheet shown below was prepared for the year ended August 31, 2012. Based on the preceding...
-
In theory, should a firm be equally concerned with stand-alone, corporate, and market risk? Would your answer be the same if we substituted In practice for In theory? Explain your answers.
-
Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $70. Budgeted unit sales for June, July,...
-
What alternative course of action could the Government have taken? What measures can be taken to improve the self-regulating framework of the peg to prevent further speculation against the Hong Kong...
-
Explain the role of telomeres and telomerase in telomere maintenance and cellular senescence, and how dysregulation of these processes contributes to aging-related diseases and cancer progression?
-
The local supermarket normally sells potato chips for $3 a packet and sells 100 packets per week. If the supermarket then discounts the potato chips to $2 a packet and sells 160 packets per week....
-
I'm not going to buy from that store down the street, they don't have the quality of products that I want for my family. I will drive across the tracks (a different community) to buy want I want. "...
-
Memory is reserved dynamically using malloc() or calloc() functions but memory area that is allocated dynamically is not accessible to programmer any more afterward is called as? A. Dangling memory...
-
An Atomic Energy Commission nuclear facility was established in Hanford, Washington, in 1943. Over the years, a significant amount of strontium 90 and cesium 137 leaked into the Columbia River. In a...
-
What are the home country-based methods of direct exporting?
-
Can social norms be understood as emergent properties of social interactions, reflecting negotiated agreements among members of a society regarding acceptable behavior and moral standards?
-
A quantitative portfolio manager is very good at managing against the Russell 2000 Index. In fact, she is expected to achieve an B of 0.5% per month. Unfortunately, her benchmark is the S&P 500. She...
-
Suppose that a QEPM department hires a new quantitative equity portfolio manager to manage one of its portfolios. Suppose that the portfolio managers benchmark is the S&P 500, with a Sharpe ratio of...
Study smarter with the SolutionInn App