17mbenzer 17mbenzer
  • 02-04-2020
  • Business
contestada

How do you prepare closing entries in accounting

Respuesta :

alex051442 alex051442
  • 02-04-2020
like really dont know the answer to this but I wish u luck
Answer Link
Kekebad578
Kekebad578 Kekebad578
  • 02-04-2020
The answer is:

Close all income accounts to Income Summary.
Close all expense accounts to Income Summary.
Close Income Summary to the appropriate capital account.
Close withdrawals to the capital account/s (this step is for sole proprietorship and partnership only)
Answer Link

Otras preguntas

differentiate benzene and cyclohexane
Serous membrane is what type? Epithelial or connective?
You are given an aqueous solution of NaCl. The simplest method for the separation of NaCl from the solution is (A) evaporation of the solution to dryness (B) c
A phone company uses the equation y=0.15x+10 to find y the monthly charge for a customer sending x text messages. How many text messages are sent if the monthly
What is the percentage increase from 200 to 280
what are the factor pairs of 38
Two numbers have a product of 48 and a sum of 19 what are the numbers and how do you know
Each week Suzanne and Sarah drink 2 gallons of milk.HGow many iounces of milk do they drink each Week ?
How did rationing support the war effort in ww2?
where are chromosomes found in eukaryotic cells