« previous next »

Author Question: Cash is found on the ________. A) Income statement B) Balance sheet C) Statement of changes in ... (Read 267 times)

savannahhooper

  • Hero Member
  • *****
  • Posts: 576
on: Jul 5, 2018
Cash is found on the ________.
 
  A) Income statement
  B) Balance sheet
  C) Statement of changes in shareholders' equity
  D) Statement of operations

Question 2

Under a periodic inventory system, closing entries will include
 a. debits to Sales, Purchases Returns and Allowances, and Purchases Discounts
  b. credits to Purchases and Sales Discounts
  c. adjustments to Merchandise Inventory account to match physical inventory
  d. all of these


randomguy133

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

PhysioEx 9.0 Review Sheet Exercise 3 PhysioEx 9.0 Review Sheet Exercise 3
Energy Balance Energy Balance
Example of a day sheet report. Example of a day sheet report.
How to analyze trends found in graphs How to analyze trends found in graphs
Greenland Ice Sheet Greenland Ice Sheet
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Oxygen transport - methods and oxyhemoglobin

For a complete list of videos, visit our video library