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

Author Question: Which of the following accounts should be closed to J. Bean, Capital, in the fourth closing entry? ... (Read 317 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jul 6, 2018
Which of the following accounts should be closed to J. Bean, Capital, in the fourth closing entry?
 a. Professional Fees
   b. J. Bean, Drawing
   c. Wages Expense
   d. Income Summary
   e. Accumulated Depreciation

Question 2

Which financial statement shows the assets, liabilities and stockholders' equity of the firm on a particular date?
 
  a. Statement of stockholders' equity.
   b. Statement of cash flows.
  c. Earnings statement.
  d. Balance sheet.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jsherida

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

c


yoooooman

  • Member
  • Posts: 557
Reply 2 on: Jul 6, 2018
Gracias!

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Meiosis Accounts for the Segregation of Alleles Meiosis Accounts for the Segregation of Alleles
(A) Closed (or simple) fracture and (B) open (or compound) fracture. (A) Closed (or simple) fracture and (B) open (or compound) fracture.
APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5 APPLYING A STERILE GOWN AND PERFORMING CLOSED GLOVING 5
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
Heart valves in closed position viewed from the top. Heart valves in closed position viewed from the top.
Acetylation and deacetylation in open and closed chromatin structure Acetylation and deacetylation in open and closed chromatin structure
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library