Homework Answers
Correct answer-----temporary account balances are carried over to the next accounting period.
.
After closing entries are complete all the temporary account balance comes to 0 so there will be no carried over balance to the next year for this temporary accounts.
The purpose of closing entry is too close all revenue accounts expense account and dividend accounts and transfer the net income to retained earning.
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Game
Point_Differential Assists
Rebounds Turnovers Personal_Fouls
1 15 15 38
11 9
2 36 20 43
8 13
3 16 21 29
7 13
4 45 22 46
11 11
5 12 11 40
7 22
6 -10 10 31
13 26
7 11 19 45
11 7
8 12 16 32
16 14
9 3 16 27
18 15
10 19 9 34
17 17
11 40 16 41
9 17
12 44 12 29
9 22
13 16 ...
Year A B 1 10% 9% 2 -15% 16% 3 14% -10% 4 13% -12% 5...
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Drive 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15...
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Game
Point_Differential Assists
Rebounds Turnovers Personal_Fouls
1 15 15 38
11 9
2 36 20 43
8 13
3 16 21 29
7 13
4 45 22 46
11 11
5 12 11 40
7 22
6 -10 10 31
13 26
7 11 19 45
11 7
8 12 16 32
16 14
9 3 16 27
18 15
10 19 9 34
17 17
11 40 16 41
9 17
12 44 12 29
9 22
13 16 ...
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