Revenue and expense accounts have been closed is

Assignment Help Accounting Basics

Reference no: EM133611088

Question: Annual revenues of 202000 expenses of 112200 a withdrawal of 24800 the owners capital account before closing had a balance of 314000 the entry to close the income summary account at the end of the year after revenue and expense accounts have been closed is?

Reference no: EM133611088

Questions Cloud

What is the remaining basis and what is the gain on sale : For any depreciation calculations, use the MACRS tables provided in the exhibits. What is the depreciation deduction? What is the remaining basis?

Discuss the current management strategies for recruiting : Discuss the current management strategies for recruiting, using, and retaining human capital, including to what extent a succession plan is in place.

What is the tax on bills home : The tax rate is 18.8 mills. What is the tax on Bill's home? (Do not round intermediate calculations. Round your answer to the nearest cent.

Risk of material misstatement due to fraud : Risk of material misstatement due to fraud in the revenue cycle. List the three fraud risk factors and describe how these are present at ELM for fiscal year

Revenue and expense accounts have been closed is : balance of 314000 the entry to close the income summary account at the end of the year after revenue and expense accounts have been closed is

According to authors of learning through service : According to the authors of Learning through Service, we are naturally inclined to view our way of thinking about the world as superior,

What is the companys cost of finished goods : The company's beginning Work in Process Inventory was $26,000 and its ending Work in Process Inventory amounted to $33,000. What is the company

Describes estimated financial impact of your proposed idea : Describes the estimated financial impact of your proposed idea. Interpret the results by explaining what your ROI calculation means to the organization.

Interested in your thoughts for modernizing them : procedures that they have been using for the past 3 years to evaluate the procure-to-pay (purchasing) process and is interested in your thoughts

User Account

All Pages