Answer and Explanation:
The accounting equation effects of the adjustments required at the end of the month on July 31 is shown below:-
Transactions Assets = Liabilities + Stockholder's equity
a Utilities payable $550 Utilities expenses -$550
b Wages payable $2,250 Wages expense -$2,250
(3 × $75 × 10)
c Interest receivable $450 Interest revenue $450
($900 ÷ 2)
Explanation:-
a. The adjustment of the utilities would be recognized in the equation of accounting by rising the liability that is utilities payable and falling the equity that is utility expense.
b. The adjustment of the wages would be recognized in the equation of accounting by rising the liability that is wages payable and falling the equity that is wages expense.
c. The adjustment of the interest would be recognized in the equation of accounting by rising the assets that is interest receivable and falling the equity that is interest revenue.
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More information types are permitted by corporate blogs.
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There are four types of corporate blogs:
- The news hub.
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The answer is<u> "longitudinal design".</u>
A longitudinal study is a research design that includes rehashed perceptions of similar factors (e.g., individuals) over short or significant lots of time (i.e., utilizes longitudinal information). Usually a kind of observational examination, despite the fact that they can likewise be organized as longitudinal randomized experiments. Longitudinal studies about in this manner roll out watching improvements more precise and are connected in different fields.
Answer:
False
Explanation:
False because the income, expenses accounts are closed to profit and loss account or income summary.
they are closed by transferring the credit balances in revenue a/c and debit balnace in expenses a/c to clearing account income summary.
The assets and liabilities , common stock, equity account are not closed.
