WebSuppose that before the adjusting entry, the balance in this account was $2,725. After the adjusting entry, the ending balance will be _____. D.) unearned revenue; $3, If the expense closing entry was just made, then the _____ closing entry was made in the previous step. The next step will be to complete the _____ closing entry. ... WebIf we multiply both sides of this equation by 100 to clear the decimals, it becomes: 6x + 5y = 70,000 Now we'll solve the system of equations: x + y = 12,000 6x + 5y = 70,000 Multiply the first equation by -5, then add the equations: -5x - 5y = -60,000 6x + 5y = 70,000 x = 10,000 Ann invested $10,000 in the account that pays 6% interest.
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WebThe Rent Expense account had a normal balance of $2,725. The entry to close the account would include a. A) debit to Rent Expense, $2,725. B) debit to Income Summary, $2,725. C) debit to Capital, $2,725. D) credit to Income Summary, $2,725. Correct Answer: Explore answers and other related questions . WebLet's start with the $12,000. Ann wants to split this money into two parts. We have chosen to call the two parts x and y. Since these two parts must total to $12,000, this gives us our … ready to move flats in hsr layout bangalore
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WebThe Rent Expense account had a normal balance of $1,100. The entry to close the account would include a: a debit to Income Summary, $1,100 b debit to Capital, \$1,100. c credit to Income Summary, $1,100 d debit to Rent Expense, $1,100. This problem has been solved! WebJul 31, 2024 · Transactions and balances for Diana Wonder are provided below: • 31 Jul 2024 Bank Statement balance $ 78,495 • 31 Jul 2024 balance per Diana’s records $ … WebThe following information concerns the adjusting entries to be recorded as of that date. a.The Office Supplies account started the year with a $2,725 balance. During 2024, the company purchased supplies for $11,254, which was added to the Office Supplies account. ready to move flats in bhubaneswar