Business, 11.02.2021 02:00 emilyplays474

The following end-of-year account balance information is from the accounting records of June Company. Use these data to prepare the closing entries for the year. Cost of Goods Sold $9,000

Accounts Payable 1,100

Paid-in Capital 2,000

Cash 400

Sales 10,000

Dividends 700

Retained Earnings (beginning) 1,000

Inventory 4,000

Which ONE of the following would appear in the closing entries for the year?

DEBIT to Accounts Payable for $1,100
DEBIT to Paid-in Capital for $2,000
CREDIT to Cost of Goods Sold for $9,000
DEBIT to Dividends for $700
CREDIT to Sales for $10,000

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:40

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?

Answers: 3

Answer

Business, 22.06.2019 10:50

Bill dukes has $100,000 invested in a 2-stock portfolio. $62,500 is invested in stock x and the remainder is invested in stock y. x's beta is 1.50 and y's beta is 0.70. what is the portfolio's beta? do not round your intermediate calculations. round the final answer to 2 decimal places.

Answers: 2

Answer

Business, 22.06.2019 19:30

The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.

Answers: 1

Answer

Business, 22.06.2019 23:00

The era of venture capitalists doling out large sums of money to startups is a. just beginning b. on the rise c. over d. fading

Answers: 2

Answer

You know the right answer?

The following end-of-year account balance information is from the accounting records of June Company...

Questions

SAT, 18.12.2021 23:10

Raj, a four-year-old child, learned to open the door to a classroom by pulling on the handle. Now whenever he approaches any door he pulls on the hand...