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

Author Question: The following normal account balances were found on the general ledger before closing entries were ... (Read 75 times)

altibaby

  • Hero Member
  • *****
  • Posts: 562
on: Nov 10, 2019
The following normal account balances were found on the general ledger before closing entries were prepared:

Revenue$700Cash$500
Expenses$400Accounts Receivable$350
Capital$7,500Withdrawals$1,000

After closing entries are posted, what is the balance in the Capital account?
◦ $7,800
◦ $6,800
◦ $7,500
◦ Closing entries do not affect the Capital account.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by altibaby on Nov 10, 2019

bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Nov 10, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


altibaby

  • Member
  • Posts: 562
Reply 2 on: Nov 10, 2019
Wow, this really help

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

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?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

The transcription of three different genes that are found in the same chromosome. The transcription of three different genes that are found in the same chromosome.
Features found in a long bone. Features found in a long bone.
An ECG strip showing a normal sinus rhythm with the P wave, QRS complex, and T wave identified. An ECG strip showing a normal sinus rhythm with the P wave, QRS complex, and T wave identified.
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
Normal vs. Frank Breech Normal vs. Frank Breech
Normal Faulting – Basin and Range Province Normal Faulting – Basin and Range Province
Video: Olfaction. or the sense of smell

For a complete list of videos, visit our video library