Which of the following is not a closing entry Date a Retained Earnings Accounts and Explanation Dividends b Service Revenue C d Income Summary Salaries Payable Income Summary Income Summary Rent Expense Debit XXX XXX XXX XXX Credit XXX XXX XXX XXX...

The Answer is in the image, click to view ...

Which of the following is not a closing entry? Date a. Retained Earnings Accounts and Explanation Dividends

Question:

Which of the following is not a closing entry?

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Horngrens Financial And Managerial Accounting The Managerial Chapters

ISBN: 9781292412337

7th Global Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura

See More Books

Question Posted: Feb 02, 2024 05:00 AM

See More Questions

A small consulting company wants to make the switch to QuickBooks Online. All of their expenses are paid at the time they are incurred, so there is no need to track bills in the system. There is only...
1. Which of the following statements is true? i. Accounts receivable may be reported as a current asset or a current liability. ii. Accounts receivable are reported at net realizable value on the...
1. Which of the following statements is not correct? A. Before the Income Summary account is closed, its balance represents the net income or net loss for the accounting period. B. The Income Summary...
The ABC Company has a cost of equity of 24.76 percent, a before-tax cost of debt of 5.37 percent, and a tax rate of 26 percent. What is the firm's weighted average cost of capital if the proportion...
Can a shock wave develop in the converging section of a convergingdiverging nozzle? Explain.
2. The probability that person A will become a math teacher in 25 years is 0.4 while the probability that person B will become a math teacher in 25 years is 0.6. a. What is the probability that they...
Can you present a graphic that presents the payroll disbursement amounts by date for the contact employee who has been terminated but has been paid after termination (i.e., ghost employees)?
The Heinlein and Krampf Brokerage firm has just been instructed by one of its clients to invest $250,000 of her money obtained recently through the sale of land holdings in Ohio. The client has a...
NTP Inc. raises its first venture round of 7,000,000.00 at a pre-money valuation of 14,000,000.00 from A-Capital. Before the round, the company had 100,000.00 shares outstanding, solely distributed...
Which of the following accounts may appear on a post-closing trial balance? a. Cash, Salaries Payable, and Retained Earnings b. Cash, Salaries Payable, and Service Revenue c. Cash, Service Revenue,...
What do closing entries accomplish? a. Zero out the revenues, expenses, and dividends b. Transfer revenues, expenses, and dividends to the Retained Earnings account c. Bring the Retained Earnings...
What does the term under-pricing refer to? If the average IPO is underpriced by about 15 percent, how could an unsophisticated investor, who regularly invests in IPOs, earn an average return less...
Respond to this paragraph with details. Collective bargaining isthe process in which working people, through their unions, negotiate contracts with their employers to determine their terms of...
Question 1. Section 18 of the Road Safety Act 1986 (Vic) states that it is an offence to drive a motor vehicle on a highway without holding a driver's licence. Section 3 of the Act states that a...
An introduction that concisely states Best Buy's current strategy, plus your own proposed strategy if it is different from the one currently pursued by the corporation. The introduction should...
Schnusenberg Corporation just paid a dividend of $1.95 per share, and that dividend is expected to grow at a constant rate of 7.00% per year in the future. The company's beta is 2.00, the required...
Contract Damages Subject Matter (Use to answer scenarios below): 1) Direct or Compensatory Damages: These are damages for a monetary amount that is intended to compensate the non-breaching party for...
Describe the three types of appeals used in marketing communications messages and develop three different ads for the same brand of a product of your choice, each using a different appeal.
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
Give an example of a marketing mix that has a high price level but that you see as a good value. Briefly explain what makes it a good value.
Cite two examples of continuously selling above the market price. Describe the situations.
Explain the types of competitive situations that might lead to a meeting-competition pricing policy.
Solve (b) /2 -8. sin x dt
Question 3 Evaluate each limit. A. lim 53. 22 (x,y)-(1,2) B. lim 22-y (y)-(3,3) 2-y 1 pts
Show that the limit lim r ye (2)(0,0) 24+4y If you use the path, y = x, then does not exist. yes +4y Now evaluate the limit with your entry from above: L If you use the path, y=x, then Now evaluate...

Which of the following is not a closing entry? Date a. Retained Earnings Accounts and Explanation Dividends

Question:

Date a. Retained Earnings Accounts and Explanation Dividends b. Service Revenue C. d. Income Summary Salaries Payable Income Summary Income Summary Rent Expense Debit XXX XXX XXX XXX Credit XXX XXX XXX XXX

Step by Step Answer:

Horngrens Financial And Managerial Accounting The Managerial Chapters

Students also viewed these Business questions