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Social Science Clinic => Accounting => Topic started by: Pineappleeh on Jul 5, 2018

Title: The entry to close expenses would be: a. Wages Expense 63,000 Rent Expense 27,000 Depreciation ...
Post by: Pineappleeh on Jul 5, 2018

The entry to close expenses would be:
 a. Wages Expense 63,000
  Rent Expense 27,000
  Depreciation Expense 15,000
  Income Summary 105,000
  b. Expenses 105,000
  Income Summary 105,000
  c. Wages Expense 63,000
  Rent Expense 27,000
  Depreciation Expense 15,000
  C. Finley, Drawing 105,000
  d. Income Summary 105,000
  Wages Expense 63,000
  Rent Expense 27,000
  Depreciation Expense 15,000

Question 2

For January, the amount budgeted for the nonmanufacturing costs budget is ________.
 
  A) 78,000
  B) 10,000
  C) 168,000
  D) 18,000

Title: The entry to close expenses would be: a. Wages Expense 63,000 Rent Expense 27,000 Depreciation ...
Post by: jaaaaaaa on Jul 5, 2018

Answer to Question 1

d

Answer to Question 2

Answer: D