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
Goryan [66]
2 years ago
10

This is a partial adjusted trial balance of Wildhorse Co.. WILDHORSE CO. Adjusted Trial Balance January 31, 2022 Debit Credit Su

pplies $780 Prepaid Insurance 1,620 Salaries and Wages Payable $1,040 Unearned Service Revenue 710 Supplies Expense 910 Insurance Expense 540 Salaries and Wages Expense 1,770 Service Revenue 4,350 Prepare the closing entries at January 31, 2022.
Business
1 answer:
Dominik [7]2 years ago
7 0

Answer:

The entries are made as follows;

Explanation:

Service Revenue             Dr.$4,350

Income Summary            Cr.$4,350

(To close revenue account)

Income Summary

Supplies expense         Dr.$910

Insurance Expense       Dr.$540

Salaries and Wages Expense Dr.$1,770

Income Summary                                         Cr.$3,220

(To close expenses)

Income Summary (4,350-3,220)   Dr.$1,130

Retained Earnings                         Cr.$1,130

You might be interested in
Willingness to pay
alex41 [277]

Answer:

The correct answer is option a.

Explanation:

The willingness to pay for a product can be defined as the maximum amount an individual is willing to procure or obtain a product. The price of a product lies between a consumer's willingness to pay and a seller's willingness to accept.  

The willingness to accept is the minimum amount a seller is willing to accept to let go of a product. Willingness to pay indicates how valuable good is for the buyer.

4 0
3 years ago
HOW DO I GET A GIRL TO LIKE ME HURRY BEFORE THE QUESTION GETS DELETED
antiseptic1488 [7]

Answer:

Tell her that it will take a very long time

Explanation:

3 0
2 years ago
A trial balance consists of:Multiple ChoiceA two-column financial statement intended for distribution to interested parties outs
icang [17]

Answer:

A two-column schedule listing names and balances of all ledger accounts.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

A trial balance consists of a two-column schedule listing names and balances of all ledger accounts.

5 0
2 years ago
Agree or disagree: taxing the Internet would discourage new technology investment and employment growth.
Nonamiya [84]

disagree it should be free to every one


3 0
3 years ago
Read 2 more answers
In one or more complete sentences, explain the details and requirements to obtain a driver license.
ycow [4]
To obtain a drivers license you must have a permit first.
-You must drive daily and "do not" get stopped by the cops while you have your permit or you wont get your license. 
-While having your permit you must have a passenger 18 or older by your side at all times while driving with a permit.
-You must read the book of license. (DMV Drivers License Booklet)
-If you want more information about how to get your license, i suggest you read the DMV booklet.
Hope this answer helped!:)

6 0
2 years ago
Other questions:
  • How much tax is taken out of a mcdonalds paycheck?
    8·2 answers
  • Both the medical model and the public health model have in common:
    5·1 answer
  • The factors of production are
    13·1 answer
  • 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
    14·1 answer
  • 10 points...........​
    9·2 answers
  • You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent for 8 years, and then earn an annual rate of
    14·1 answer
  • Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education
    5·1 answer
  • At the beginning of September 2018, Sheffield Company reported Inventory of $7800. During the month, the company made purchases
    8·1 answer
  • Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc
    6·1 answer
  • William is a 38-year-old computer systems executive. He has come to a point in his life where he is reassessing his ambitions an
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!