assets or assets and revenues for a corporation there is no drawing account. Instead money is distribute to shareholders using the ___account dividends after all the accounts are closed and all journal entries have bee posted to the ledger, which of these should have a drawing

assets or assets and revenues

for a corporation there is no drawing account. Instead money is distribute to shareholders using the ___account

dividends

after all the accounts are closed and all journal entries have bee posted to the ledger, which of these should have a drawing

accumulated depriciation

what is the correct sequence for closing temporary accounts

revenue, expenses, income summary, drawing to the capital account

the main source of the information needed to prepare the balance sheet

balance sheet columns of the worksheet

prepaid insurance has a balances of 1200 that rep 6 months of insurance. one month has expired. how much is

200

bruce wayne capital is a

permanent account (close things to my capital)

in a corporation, the main owners equity account is called

capital stock

Any person who agrees to perform a service for a fee is not subject to the control of those to whom the services provided

independent contractor

workers compensation insurance provides insurance for employees

injured on the job

the statement of owners equity does not include information about

the liabilities of the business

Sarbanes Act-Oxley

Everybody goes to jail

Things that impact owners equity

Withdrawals, Investments, Revenue & Expenses which forms Net Income

The assets of a business consist of many items such as

Cash

Payment of office rent represents an increase in

expense

Expenses

Nothing to show for it

The amount by which assets exceed liabilities is known as

owners equity

When a loan is paid

a liability account is debited

Supplies is an

 

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