« previous next »

Author Question: The total revenue of the month of June amounted to 7,500; total expenses amounted to 3,500; and ... (Read 47 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jul 5, 2018
The total revenue of the month of June amounted to 7,500; total expenses amounted to 3,500; and withdrawals amounted to 600 . The net income for the month amounted to
 a. 7,500.
   b. 3,400.
   c. 4,000.
   d. 3,500.

Question 2

Adjusting journal entries must be recorded prior to preparing an unadjusted trial balance.
 
  Indicate whether the statement is true or false


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012 Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
What is the total number of valence electrons in a silicate ion, SiO32-? What is the total number of valence electrons in a silicate ion, SiO32-?
Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ... Jane was due to make loan payments of S1872 nine months ago, S3074 five month ago, and S498 in ...
14 June 2023 14 June 2023
14 June 2023 14 June 2023
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library