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mote1985 [20]
1 year ago
9

The journal entry required to close the Drawing account is _____. a debit to Income Summary account and a credit to Drawing acco

unt a debit to Capital account and a credit to Drawing account a debit to Capital account and a credit to Cash account None of these choices are correct.
Business
1 answer:
Alex_Xolod [135]1 year ago
8 0

The journal entry required to close the Drawing account is debit to Income Summary account and a credit to Drawing account.

Option a) is correct.

<h2>What is  Income Summary account ?</h2>

An income summary is a temporary account that is used to net the closing entries from all the revenue and expense accounts at the conclusion of the accounting quarter. The final balance is regarded as a gain or loss. The company made a profit for that year if the net balance of the income summary is a credit balance, and a loss for that year if the net balance is a debit balance.

It lists all earnings and costs related to both operational and non-operating operations. It is also known as a revenue and expense summary as a result.

Learn more about Income summary Accounts here:

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Underground Clothing is a zero growth firm that has expected earnings before interest and taxes of $56,700, an unlevered cost of
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Answer:

$230,825

Explanation:

VU = [$56,700 × (1 - .35)] / .162

VU= $56,700×0.65/.162

VU=36,855/.162

VU = $227,500

VL = $227,500 + .35($9,500)

VL= $227,500+$3,325

VL= $230,825

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Angelina_Jolie [31]
The answer is networking, if there’s more to it then it’s networking to generate leads.
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3 years ago
Based on the limited amount of information provided, what would you guess is the social style of the buyer? how about the social
KengaRu [80]

Customer social style refers to the method customers use when interacting.

In terms of personality, communication style, behavior, mental processes, and decision-making methods, customers differ.

<h3>Who is a Customer ?</h3>

A person who purchases goods or services from a shop, eatery, or other retailer is referred to as a customer.

A customer is any person or organization that makes a purchase from another firm. Customers are essential to businesses because they provide revenue; without them, they could not run.

No matter what industry you are in or what kinds of goods and services you provide, your clients are the most important component of your organization. Without the customer, there are no sales. As a result, they are essential in developing your marketing strategy and messaging.

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8 0
2 years ago
In a pool bout, fencer x has received a yellow card for non-conforming equipment and is losing 3-2. fencer y attacks and scores
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Non-conforming products items include measuring instruments that are unable to complete their intended measurements.

A company should have a quality assurance manual that details the steps involved in recognizing non-conforming products, cataloging them, and separating them from conforming materials.

No Old Knob Will Do

non-conforming products can be defined as any good or component that is flawed, fake, or does not adhere to the specifications.

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