Answer:
Question 1 10 / 10 points
A summary of selected ledger accounts appear below for S. Ball for the current calendar year.
Answer questions 1 through 4 based on this information.
1. What was the total amount of withdrawals for the year?
$6000
Question 2
2.What was the net income?
$4250
Question 3
3.What was the total revenue?
$17,000
4.What were the total expenses?
$12.750
5.
__2__
Unearned Revenue
__5__
Brandon Jones, Capital
__1__
Cash
__3__
Equipment
__4__
Mortgage
1.
Current Assets
2.
Current Liabilities
3.
Fixed Assets
4.
Long-term Liability
5.
Equity
Question 6
At the end of the closing process, Income Summary will hold a balance.
Question options:
b) False
Step-by-step explanation:
I just took this quiz and got a 100%
