1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
matrenka [14]
3 years ago
10

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger

of Nuclear Landscaping Co.: Felix Godwin, Capital $318,490 Felix Godwin, Drawing 38,000 Fees Earned 381,030 Wages Expense 294,900 Rent Expense 70,800 Supplies Expense 26,540 Miscellaneous Expense 8,845 Journalize the two entries required to close the accounts. For a compound transaction, if an amount box does not require an entry, leave it blank.
Business
1 answer:
Amanda [17]3 years ago
3 0

Answer:

Explanation:

Apr-30

Dr Felix Godwin, Capital 20,055

Dr Fees earned 381,030

    Cr Wages expense 294,900

    Cr Rent expense 70,800

    Cr Supplies expense 26,540

    Cr Miscellaneous expense 8,845

Apr-30

Dr Felix Godwin, Capital 38,000

   Cr Felix Godwin, Drawing 38,000

You might be interested in
​If a beneficiary wants to make sure that the life insurance proceeds being paid out are not exhausted before he or she dies, th
Naya [18.7K]

Answer:

Option d. Fixed period

Explanation:

time is very essential. Anytime the policy owner specifies payment to be guaranteed for a specific period regardless of who is the beneficiary, policy owner or who receive the payment,is the fixed period settlement option.

Anything that occur  to annuity after the owner's death is dependent on the type of annuity and its payout plan.

A fixed-period,  is that which is for a certain period of time. the annuity guarantees payments to the annuitant for a set length of time. example is about  10, 15, or 20 years and case payments will continue to be paid to the beneficiary until the time given or  period is due or when  account’s balance reaches zero.

3 0
3 years ago
Product differentiation and advertising are profitable ventures only when:
dalvyx [7]

Answer:

Product differentiation and advertising are profitable ventures only when:

the gain in total revenue outweighs the extra cost

Explanation:

When Company XYZ differentiates its product from competitors' through trademarks and other differentiating factors and embarks on advertising, it must watch out for cost overrun.  The undertaking for the product differentiation and advertising should be able to generate more revenue than the costs.  This will make Company XYZ determine that its differentiation and advertising make economic meaning by producing positive NPV.

3 0
3 years ago
A. Avoid extra payroll expenses.
LUCKY_DIMON [66]

Answer:

<h2>A. Avoid extra payroll expenses.</h2>

Explanation:

i hope it helps :)

3 0
3 years ago
Kevin wants to lose 5 pounds of fat. he finds it difficult to cut back on his eating, so he decides that he will walk an hour ea
Umnica [9.8K]
You can't tell because we don't know how much calories he burns each day from walking and how much calories he intakes each day
3 0
3 years ago
Which of the
Over [174]

Answer:

B...................................

7 0
2 years ago
Read 2 more answers
Other questions:
  • The objective of a best-cost strategy is to: a. Deliver superior value to value-conscious buyers at a comparatively lower price
    13·1 answer
  • Purchases and Cash Payments Journals
    13·1 answer
  • The C.O.R.E Continuum identifies relationships that affect organizations’:
    10·1 answer
  • Grouper Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the business
    9·1 answer
  • Auto pistons at Wemming​ Chung's plant in Shanghai are produced in a forging​ process, and the diameter is a critical factor tha
    7·1 answer
  • Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. A
    12·1 answer
  • 1. The protocol that a business sticks to on a day-to-day basis is called _____.
    14·2 answers
  • Common stock with a total par value of $50,000 (par value of $0.50 per share) have been issued, and 5,000 shares of treasury sto
    7·1 answer
  • When moving from Point C to Point D on Nation X's PPF, the cost of 1 more Computer is ____ Agricultural products not produced. E
    6·1 answer
  • Please help with accounting homework
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!