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MAVERICK [17]
3 years ago
10

Tiptoe Shoes had annual revenues of $190,000, expenses of $106,200, and dividends of $20,000 during the current year. The retain

ed earnings account before closing had a balance of $302,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:?
Business
2 answers:
Rom4ik [11]3 years ago
7 0
I honestly need help with this too
GarryVolchara [31]3 years ago
4 0

Answer:

$ 365,800

Explanation:

Revenues of 190,000

balance before closing is 302,000

190,000

+302,000 =

492,000

Expenses is 106,200

Dividends is 20,000

106,200

+  20,000 =

126,200

then you subtract 126,2000 from 492,000 which will equal to $365,800

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<h3>Who is Hackman and Oldham?</h3>

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The model focuses on the perspective that if the job is not monotonous, it can  motivates the employee and would not feel discouraged to work.

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Explanation:

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4 0
3 years ago
Kaia, a manager, studied the performances of the various business units of her organization. After making an assessment, Kaia ca
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Activities such as printmaking, photography, ornamental arts, music, painting, film, literature, and architecture were all considered skills.

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1 year ago
What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979
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The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

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The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

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