After preparing and posting the closing entries to close revenues and expenses, the income summary account has a debit balance of $20,000. The entry to close the income summary account should include:A.A debit of $20,000 to owner’s capital.B.A debit
After preparing and posting the closing entries to close revenues (and gains) and expenses (and losses), the income summary account has a debit balance of $33,000. The entry to close the income summary account will includeA.a debit of $33,000 to owner wi
aMaking closing entries, journalizing and posting closing entries, and preparing an after-closing trial balance. 做结帐分录,记日记和张贴结帐分录和准备一份在以后closing试算表。[translate]
The trial balance may still agree when a transaction is not journalized, a journal entry is not posted, an entry is posted twice, incorrect accounts are used in journalizing or posting, or offsetting errors are made in recording the amount of a transaction. 24. How does the accountant check...
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美 英 un.结帐后试算表 英汉 un. 1. 结帐后试算表
After closing entries have been journalized and posted, all permanent accounts in the ledger should have zero balance. True False Capital expenditures are debited to an expense account. True or False? True or False: Cash, supplies, and pr...
To adjust the beginning balance entries after you perform a year-end closing, you can follow the steps below to key a GL transaction and not keep history on the transaction, but a BBF entry will be created for that amount and carried forward to affect the beginning bala...
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24. How does the accountant check the equality of the debit and credit entries? 25.What is a trial balance? 26.What is implied if a trial balance does not agree? (24) A.By posting all the entries. B.By preparing a trial balance. C.By comparing the entries on both sides. D.By re...