Why is this so difficult

On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash $ 66,000 Maria Lopez, Drawing $

vlada-n [284]

Answer:

1. Dec 31, 2019

Dr Fees Income $107,500

Cr Income Summary $107,500

2. Dec 31, 2019

Dr Income summary 60,000

Cr Salaries expense 34,000

Cr Supplies expense 6,000

Cr Utilities expense 9,300

Cr Telephone expense 5200

Cr Depreciation expense 5500

3. Dec 31, 2019

Dr Income summary 47,500

Cr Retained earnings 47,500

4. Dec 31, 2019

Dr Maria lopez, capital 52,000

Cr Maria lopez, drawing 52,000

Explanation:

Preparation of the closing entries for the above transactions

1. Dec 31, 2019

Dr Fees Income $107,500

Cr Income Summary $107,500

(To close revenue account)

2. Dec 31, 2019

Dr Income summary 60,000

(5500+5200+9300+6000+34000)

Cr Salaries expense 34,000

Cr Supplies expense 6,000

Cr Utilities expense 9,300

Cr Telephone expense 5200

Cr Depreciation expense 5500

(To close expenses account)

3. Dec 31, 2019

Dr Income summary 47,500

($107,500-60,000)

Cr Retained earnings 47,500

(To close income summary account)

4. Dec 31, 2019

Dr Maria lopez, capital 52,000

Cr Maria lopez, drawing 52,000

(To close drawings account)

6 0

3 years ago

One of the benefits of a next actions list is that it

puteri [66]

Based on findings suggested by David Allen in his book titled "Getting things done, " one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."

When you have a Next action list available, it implies that you know what to do next as you finish one task.

This is also based on the idea that finding what to do next coupled with how to do it can lead to mental stress.

Hence, in this case, it is concluded that one of the benefits of a next actions list is that it "provides clarity, peace of mind, and focus."

Learn more here: brainly.com/question/22001271

5 0

2 years ago

Pepsi True is a new cola from Pepsi-Cola that is sweetened with a combination of sugar and stevia leaf extract, resulting in a s

SVETLANKA909090 [29]

Answer:

mid-calorie soft drinks such as Pepsi Next (2012) have not been successful in the past.

Explanation:

The new Pespsi true is a great product that offers the advantage of having the same flavor as Pepsi but lower calorie content of only 60 calories. This should sell well with consumers that are looking for lower calorie options.

However if there was a similar product like Pepsi True called Pepsi Next in 2012 that was mid-calories and was not successful, this could be a show stopper. People's perceptions of Pepsi Next will affect Pepsi True as they will feel it is just a repackaged Pepsi Next.

This will most likely lead to failure of the product similar to what happened with Pepsi Next.

7 0

4 years ago

Violations of security policies are considered to be a(n) __________ issue upon which proper disciplinary actions must be taken.

kari74 [83]

<u>Answer: </u>

Violations of security policies are considered to be a law enforcement issue upon which proper disciplinary actions must be taken.

<u>Explanation: </u>

The security policies put into place by the organization actually serve as the first wall of protection for the organization.
The organization makes it clear through its security policies what actions would be deemed as an attempt to breach the security and what actions are prohibited within and outside the premises of the organization as an employee of the organization:

4 0

3 years ago

PLEASE HELP

bonufazy [111]

Answer:

The type of savings you should make is a fixed term deposit

Explanation:

When we have unused capital and want to make it grow, it is a good alternative to earn money because, when we leave our money in a bank for a certain time, we will receive it together with an additional sum due to profitability, Our reward for leaving the money to the bank and not using it.

6 0

3 years ago