Business, 26.06.2019 19:30 Satoetoe24
Exercise 4-9 preparing closing entries and a post-closing trial balance lo p2, p3 the following adjusted trial balance contains the accounts and balances of cruz company as of december 31, 2017, the end of its fiscal year. no. account title debit credit 101 cash $ 19,000 126 supplies 13,000 128 prepaid insurance 3,000 167 equipment 24,000 168 accumulated depreciation—equipment $ 7,500 301 t. cruz, capital 47,600 302 t. cruz, withdrawals 7,000 404 services revenue 44,000 612 depreciation expense—equipment 3,000 622 salaries expense 22,000 637 insurance expense 2,500 640 rent expense 3,400 652 supplies expense 2,200 totals $ 99,100 $ 99,100 1. prepare the december 31, 2017, closing entries for cruz company. assume the account number for income summary is 901. 2. prepare the december 31, 2017, post-closing trial balance for cruz company
Answers: 2
Business, 22.06.2019 13:30
Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.
Answers: 1
Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
Business, 22.06.2019 21:50
scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
Answers: 1
Business, 22.06.2019 22:30
Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *
Answers: 2
Exercise 4-9 preparing closing entries and a post-closing trial balance lo p2, p3 the following adju...
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