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
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

You might be interested in
"You've been specially selected to win our grand prize. Contact us to collect it!" This is an example of a _____.
Setler79 [48]
The pitch....for a sales and marketing item or scam.
5 0
3 years ago
Read 2 more answers
Laws governing sales are only enacted when the rights of an organization are infringed upon
luda_lava [24]
False because I know give brainlessly because I so swag and cool
7 0
3 years ago
Rage, a leading motor vehicle manufacturer, introduces a new superbike model. it invites proposals from independent dealers who
uysha [10]
<span>This is most likely an example of a franchise opportunity. It could also be considered to be a hybrid type of franchise where the indepenent dealers have more leeway in how the business looks and how it is run. This would be a win/win for many independent dealers as the would still be making most of the local decisions.</span>
6 0
3 years ago
Select the examples that best demonstrate likely tasks for Revenue and Taxation workers. Check all that apply.
ArbitrLikvidat [17]

Awnser: A, B, and E.

3 0
3 years ago
Phoenix Agency leases office space for $7,700 per month. On January 3, Phoenix incurs $105,600 to improve the leased office spac
nadezda [96]

Answer:

$13,200 per year

Explanation:

Amount incurred to improve the office space = $

Improvement expected to yield benefit = 10 years

Remaining life on it's lease = 8 years

Since the office space is not going to remain with Phoenix after the lease period, it means that the improvement expenses will be expensed over the remaining lease period I.e 8 years.

Therefore, the amount of expense that should be recorded the first year related to improvements can be calculated as;

= Amount incurred to improve the office space ÷ remaining life on its lease

= $105,600 ÷ 8

= $13,200 per year

7 0
3 years ago
Other questions:
  • A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed costs. At the end
    7·2 answers
  • Kahneman and Tversky used experiments to examine how people actually make decisions about risk. The researchers found a multi-st
    14·1 answer
  • A machine can be purchased for $288,000 and used for five years, yielding the following net incomes. In projecting net incomes,
    13·1 answer
  • You are considering a project with an initial cost of $4,300. What is the payback period for this project if the cash inflows ar
    6·1 answer
  • Type the correct answer in the box. Spell all words correctly.
    14·2 answers
  • Compute and output compound interest on $1000.00 for 10 years at interest rates of 5%, 6%, 7%, 8%, 9% and 10% This is an exercis
    14·1 answer
  • A perfectly competitive firm is a: Group of answer choices price taker, because it must accept the market equilibrium price. pri
    5·1 answer
  • If research in the management area cannot be 100% scientific, why bother to do it at all? Comment on this question
    11·1 answer
  • PROBLEM 5 You have to design the system interconnection network of a multicomputer system. Your choices are to use an Omega or a
    13·1 answer
  • Listing contracts, disclosures, and seller net sheets all have to do with<br> an understanding of:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!