This topic contains a solution. Click here to go to the answer

Author Question: Which of the following accounts should be closed to J. Bean, Capital, in the fourth closing entry? ... (Read 357 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
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
Answer to Question 1

b

Answer to Question 2

c




yoooooman

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


milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The human body produces and destroys 15 million blood cells every second.

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.

For a complete list of videos, visit our video library