This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The journal entry to close the Fees Earned, 750, and Rent Revenue, 175, accounts during the year-end ... (Read 140 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jul 5, 2018
The journal entry to close the Fees Earned, 750, and Rent Revenue, 175, accounts during the year-end closing process would be:
 a. Dec. 31 Fees Earned 750
  Rent Revenue
  Income Summary 175
  925
  b. Dec. 31 Income Summary
  Fees Earned 925
   750
  Rent Revenue 175
  c. Dec. 31 Revenues
  Income Summary 925
   925
  d. Dec. 31 Income Summary
  Revenues 925
   925

Question 2

Antique Brass Company has budgeted sales volume of 120,000 units and budgeted production of 108,000 units, while 20,000 units are in beginning finished goods inventory. How many units are targeted for ending finished goods inventory?
 
  A) 20,000 units
  B) 32,000 units
  C) 12,000 units
  D) 8,000 units


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

brittanywood

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Answer: D


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jul 5, 2018
:D TYSM

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Meiosis Accounts for the Segregation of Alleles p2 Meiosis Accounts for the Segregation of Alleles p2
Meiosis Accounts for Independent Assortment of Alleles p1 Meiosis Accounts for Independent Assortment of Alleles p1
Example of an accounts receivable aging analysis report. Example of an accounts receivable aging analysis report.
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Time-of-entry mapping Time-of-entry mapping
Type of entry grade 1 Type of entry grade 1
Video: Pasteur's Experiment

For a complete list of videos, visit our video library