$2.00 cause imagine she has 6 dollar 2/3 is 4.00 so it's 2.00
The options are wrong lol, it is -1/8
Answer:
b) update the Retained Earnings account.
Step-by-step explanation:
A major purpose of preparing closing entries is to - update the Retained Earnings account.
Retained earnings are defined as those profits, that a company has earned to date minus any dividends or other money paid to investors.
Whenever we make an entry to the accounting records, that affects a revenue or expense account, this retained earning amount is adjusted.
Answer:
Okay, but doesn't this bring any trouble reading?
P = 11 + 4 + 18 + 37 + 7 + 19 = 96
a = (18*7) + (11*19) = 126 + 209 = 335