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alukav5142 [94]
3 years ago
12

Jen Rogers withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals acco

unt is:
Business
1 answer:
Dmitrij [34]3 years ago
6 0

Answer and Explanation:

The journal entry is shown below:

Jen Rogers, Capital $35,000

         To Jen Rogers, Withdrawals $35,000

(Being withdrawals entry is recorded)

Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains normal credit balance while drawings contains normal debit balance

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While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.

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The amazon echo is an example of ________ because when it was introduced, nothing like it existed on the market.
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If the owner of a condominium defaults on his mortgage, the owners of the remaining units: become subject to foreclosure. must i
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Are not affected by the defaulting owner’s actions

Explanation:

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3 years ago
The Magnet Recognition Program for health care organizations is based on fourteen forces of magnetism related to five magnet mod
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 The personnel policies and the programs basically provide an innovation environment where the staff in an organization are empowerment and develop their empirical qualities which include the improvement, knowledge and the innovation.

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To save for​ retirement, a student invests ​$60 each month in an ordinary annuity with 6 % interest compounded monthly. Determin
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Answer:

The student invests $60 each month and the interest rate is 6%. The interest rate is compounded monthly so we will take the interest rate as 0.5% (6/12).

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Explanation:

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3 years ago
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