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 33 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
:D TYSM

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf
A typical General Motors HEI coil installed in the distributor cap. When the coil or distributor cap ... A typical General Motors HEI coil installed in the distributor cap. When the coil or distributor cap ...
Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ... Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ...
The carotenoid lycopene, found in tomatoes and tomato products, functions as an antioxidant The carotenoid lycopene, found in tomatoes and tomato products, functions as an antioxidant
Distribution of dystrophin in muscle cells. (a) In normal muscle cells, all the dystrophin is locate Distribution of dystrophin in muscle cells. (a) In normal muscle cells, all the dystrophin is locate
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: Facilitated Diffusion - Glucose transport

For a complete list of videos, visit our video library