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Author Question: The Utilities expense account is closed by debiting its balance and crediting Retained earnings. ... (Read 35 times)

eruditmonkey@yahoo.com

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on: Jul 5, 2018
The Utilities expense account is closed by debiting its balance and crediting Retained earnings.
 
  Indicate whether the statement is true or false

Question 2

As we compare a merchandise business to a service business, the financial statement that changes the most is the balance sheet.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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ciecieme

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Reply #1 on: Jul 5, 2018
Answer to Question 1

FALSE

Answer to Question 2

False


eruditmonkey@yahoo.com

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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