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Len [333]
3 years ago
15

Joel operates his business, carson collectibles, by himself. he has made no election with his state regarding his business. what

is the most likely form of joel's business?
Business
1 answer:
Paha777 [63]3 years ago
3 0
<span>Joe's business is most likely a type of sole proprietorship. Sole proprietorships are usually ran by one person who accounts for all of the business expenses as part of their personal taxes so there is no difference between personal and business. This form of business also does not need to file any paperwork with the state. The owner just needs a business license.</span>
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The adjusted trial balance of Warbocks Corporation at December 31, 2017 includes the following accounts: Retained Earnings $12,6
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Answer:

                                            Warbocks Corporation

Statement of retained earnings for the year ended December 31, 2017

                                                                                      Amount in $

Opening retained earnings                                           12,600

Net income for the year                                                  7,000

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Closing retained earnings                                             <u> 14,600</u>

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The retained earnings statement shows the movement in the retained earnings balance between the start and end of the year.

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