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dem82 [27]
2 years ago
6

The Retained earnings account has a credit balance of $54,000 before closing entries are made. Total revenues for the period are

$72,200, total expenses are $48,300, and dividends are $15,800. What is the correct closing entry for the revenue accounts?
Mathematics
1 answer:
Romashka [77]2 years ago
3 0

Answer: $62100

Step-by-step explanation:

The following can be deduced from the information given in the question:

Credit balance = $54000

Total revenues = $72,200

Total expenses = $48,300

Dividends = $15,800

Closing entry= Credit balance + Total revenues - (Total expenses + Dividends)

= $54000 + $72,200 - ($48300 + $15800)

= $126200 - $64100

= $62100

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Answer:

  total = 1600 +0.05x

Step-by-step explanation:

I = Prt

You want the sum of the interest from the two investments. The interest at 13% is ...

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The interest at 8% is ...

  I = Prt = (20000-x)(0.08) = 1600 -0.08x

Then the total interest earned is ...

  total = 0.13x + (1600 -0.08x)

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5 0
3 years ago
Directions: Drag each tile to the correct box.
suter [353]
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mezya [45]

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In Given, a passage that is shown in the attached photos.

Option C is the best answer. "obsolete" states clearly and concisely: the idea that skills can become obsolete. The meaning of obsolete is no longer in use as it has been replaced by something new and better or more trendy.

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Learn more about passage from here brainly.com/question/12555695

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Answer:

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Step-by-step explanation:

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