Retained | Earnings | Amount $ | ||
Clos. | 14,000 | Bal. | 27,000 | |
Clos. | 14,000 | =38000-24000 | ||
Bal. | 27,000 | |||
EF4-24 (similar to) Question Help Price Insurance Agency started the year with a beginning Retained Earnings...
Hill Insurance Agency started the year with a beginning Retained Earnings balance of $24,500. During the year, Hill Insurance Agency earned $33,000 of Service Revenue and incurred $24,000 of various expenses. Dividends of $16,000 from the business were paid to stockholders. After the closing entries are recorded and posted, what will be the balance of Retained Earnings? Post the beginning balance and closing entry amounts to the Retained Earnings account. Use a "Bal." posting reference to show the beginning and...
8. McGregor Insurance Agency started the year with a beginning Retained Earnings balance of $27,500. During the year, McGregor Insurance Agency earned $34,000 of Service Revenue and incurred $23,500 of various expenses. Dividends of $12,000 from the business were paid to stockholders. After the closing entries are recorded and posted, what will be the balance of Retained Earnings? Post the beginning balance and closing entry amounts to the Retained Earnings account. Use a "Bal" posting reference to show the beginning...
3 of 6 (2 complete) Score: 0 of 10 pts E4-23 (similar to) Victor Insurance Agency started the year with a beginning Retained Earnings balance of $27,000. During the year, Victor Insurance Agency earned from the business were paid to stockholders. After the closing entries are recorded and posted, what will be the balance of Retained Earnings? Post the beginning balance and closing entry amounts to the Retained Earnings account. Use a "Bal" posting reference to show the beginning and...
Hill Insurance Agency started the year with a beginning Retained Earnings balance of $24,500. During the year, Hill Insurance Agency earned $33,000 of Service Revenue and incurred $24,000 of various expenses. Dividends of $16,000 from the business were paid to stockholders. After the closing entries are recorded and posted, what will be the balance of Retained Earnings?
Spring 2020: Financial Accounting Shivam Patel & | 02/16/20 5:42 PM Save Homework: Chapter 4 Score: 0 of 1 pt X E4-23 (book/static) 8 of 9 (9 complete) HW Score: 80.36%, 723 of 9 pts Question Help McGregor Insurance Agency started the year with a beginning Retained Earnings balance of $27.500. During the year, McGregor Insurance Agency earned $34.000 of Service Revenue and incurred $23,500 of various expenses. Dividends of $12,000 from the business were paid to stockholders. After the...
Spring 2020 Section 902 (1) Homework: Chapter 4 part B homework Score: 0 of 1 pt < 7 of 9 (6 complete) HW Score: 62.22%, 5.6 of E4-23 (similar to) Question Help Price Insurance Agency started the year with a beginning Retained Earings balance of $26,500. During the year, Price Insurance Agency earned $37,000 of Service Revenue and incurred $23,000 of various expenses. Dividends $15,000 from the business were paid to stockholders. After the closing entries are recorded and posted,...
% S4-11 (similar to) A Question Hel The following balances appear on the books of Sarah Simon Enterprises: Retained Earnings, $28,700; Dividends, $7,500; Income Summary, $O; Service Revenue, $22,200, Salaries Expense, $7,500; Rent Expense $3,500; and Advertising Expense, $2,100. All aco have normal balances. Read the requirements. Requirement 2. Post the closing entries to the accounts, denoting posted amounts as Clos. Start by closing revenues. Retained Earnings 28,700 Adj. Bal. Service Revenue 22,200 Adj. Bal. 0 Requirements Dividends 7,500 Salaries...
Question Help The following balances appear on the books of Sarah Simmons Enterprises: Retained Earnings 29.600, Dividends, $10.500 Income Summary : Service Revenue, $24.500. Salaries Expense 56.200Rent Expense $3.500, and Advertising Expense, 52,000. All accounts have normal balance Read the relements Requirement 1. The accounts have been set up for you. Insert each accounts adjusted balance as given (denote as A. Bol) December 31. Retained Earnings Service Revenue Dividende Salaries Expanse Income Summary Rent Expense Advertising Expense Choose from any...
Requirement 5. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the T-accounts. Use "Clos." and the corresponding number as shown in the journal entry as posting references"Clos.(1)", "Clos.(2)", etc. The adjusted balance of each account has been entered for you. Post any closing entries to the accounts and then calculate the post-closing balance ("Bal.") of each account (including those that were not closed). For any accounts with a zero balance after...
help
with requirement two
Requirement 2. AT-account for Retained Eaming has been set up for you. Post to the account. The colate Whiteglove's net income for the year anded January 31, 2016. What is the ending balance of Retained Earnings? Post the beginning balance and closing is to Retained ning in the account by selecting the respective posting references and then entering the correct amounts. Determine the ending balance Retained Eaming 13000 Beginning balance 13000 51900 Ending balance 51900 The...