35.Close the revenue accounts.36.0.37.Close the expense accounts.Close the income summary account.Close the withdrawals account.78938.9091929394959619798199100101102103104

Answer information:Step 1:Introduction:Accounting is a language of business that provides the means…

Answered: 35. Close the revenue accounts. 36.0.…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Make a ledger account with this journal entry.
TB MC Qu. 5-62 (Static) What is the primary disadvantage of extending... What is the primary disadvantage of extending credit to customers? Multiple Choice O Lower revenues Reduced operating efficiency O Lower profitability Delay or failure to collect cash
Triple Company's accountant made an entry that included the following items: debit postage expense $12.52, debit office supplies expense $27.43, debit cash over/short $2.29. If the original amount in petty cash is $322, how much was the credit to cash for the reimbursement? Multiple Choice $203. $322. $42.24. $39.95. $29.72.
Calculate the missing amounts (for company c the number 19100 replace it with 119100 to calculate and solve) Please avoid solution image based thanx
32) he correcting errors, adjusting and closing entries of the business are recorded in the form of ____________________. a. Purchases daybook b. Petty cash book c. General journal d. Cash payments book
The business made a sale of OMR 21000 ( | cost was OR 18000), on credit basis. The effect on Account Receivable will be : Select one: O a. Account Receivable will decrease by OMR 21000 O b. Account Receivable will increase by OMR 18000 O c. Account Receivable will increase by OMR 21000 O d. Account Receivable will decrease by OMR 18000
so many mistakes! unfortunately, I cannot attach more than 2 images. There are mistakes in the cash receipt journal too in addition to missing some columns.
78.
Sh10 Please help me Solution
Please do not give solution in image format thanku
Please dont give solutions image based thanx
9 - CODE AND NAME OF THE ACCOUNT WILL BE DEBT 610 RETURNS ON SALES 1.000 191 DEDUCTIBLE VAT 180 100 CASE 1180 Which process does the registration belong to?A) The customer returns the goods he receivedB) The seller returns the goodsC) Discounting to the customerD) The business returns the goods it has receivedE) Discounting on goods sold

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35. Close the revenue accounts. 36.0. 37. Close the expense accounts. Close the income summary account. Close the withdrawals account. 7 8 9 38. 90 91 92 93 94 95 96 197 98 199 100 101 102 103 104