A firm has $90,000 in revenue for the period. Give the entry to close the Fees Income
Question:
A firm has $90,000 in revenue for the period. Give the entry to close the Fees Income account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Fees In...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
College Accounting A Contemporary Approach
ISBN: 9781265647308
6th Edition
Authors: M. David Haddock, John Price, Michael Farina
Question Posted:
Students also viewed these Business questions
-
The Income Summary and Levi Simmons, Capital accounts for Simmons Production Company at the end of its accounting period follow. Complete the following statements: 1. Total revenue for the period is...
-
The Income Summary and Linda Carter, Capital accounts for Carter Production Company at the end of its accounting period follow. Complete the following statements: 1. Total revenue for the period is...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Repeat Prob. 37 using singularity functions exclusively (including reactions). Repeat Prob. 37, For the beam shown, find the reactions at the supports and plot the shear-force and bending-moment...
-
C. Gaston Whiddon owned Gastons LP Gas Co., Inc. Curtis Dufour purchased the company. Since Whiddon had personally operated the company for many years, Dufour was worried about competition from him...
-
This year, Major Healy paid $40,000 of interest on a mortgage on his home (he borrowed $800,000 to buy the residence in 2015; $900,000 original purchase price and value at purchase), $6,000 of...
-
In what ways do government subsidies amount to protectionism? LO.1
-
Differentiate between a free trade area and a common market. Explain the marketing implications of the differences.
-
Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $13 Variable selling and administrative expenses...
-
Map the BANK ER schema of Exercise 3.23 (shown in Figure 3.21) into a relational schema. Specify all primary keys and foreign keys. Repeat for the AIRLINE schema (Figure 3.20) of Exercise 3.19 and...
-
On December 31, the Income Summary account of Davidson Company has a debit balance of $111,000 after revenue of $117,000 and expenses of $228,000 were closed to the account. Jackson Davidson, Drawing...
-
The ledger accounts of Perera Company appear as follows on March 31, 20X1: Table Summary: Table consists of 17 rows and 3 columns. Account number, account, and balance are the three column heads. All...
-
One million consumers like to rent movie videos in Pulmonia. Each has an identical demand curve for movies. The price of a rental is $P. At a given price, will the market demand be more elastic or...
-
Solve these question in details and fully explaination. It is the pre-lab working for Capacitors. Thanks so much in advance. 1: The figure shows a circuit with a charged capacitor (left), two...
-
Exercise 10-14A (Algo) Straight-line amortization of a bond discount LO 10-4 Diaz Company issued bonds with a $112,000 face value on January 1, Year 1. The bonds had a 8 percent stated rate of...
-
1. What would we have to plot on the vertical axis? EXPLAIN YOUR ANSWER OR NO CREDIT. [Hint: Solve for k first.] F= Kx kx dala you Experi determine the K= K = F Cart SHOW ALL WORK OR NO CREDITI 2....
-
You are interested in computing the heat transfer properties of a new insulation system shown here. Tair Air Layer 1 Layer 2 T P
-
16.3 The demand function for replicas for the Statue of Liberty is given by f(p): = 500 - 2p, where f(p) is the number of statues that can be sold for p dollars. (a) What is the relative rate of...
-
What are some of the actions that MNEs can take to combat common problems in knowledge management?
-
Explain how the graph of each function can be obtained from the graph of y = 1/x or y = 1/x 2 . Then graph f and give the (a) Domain (b) Range. Determine the largest open intervals of the domain over...
-
What account is debited for freight charges on merchandise inventory purchases when (a) The periodic inventory system is used (b) The perpetual inventory system is used?
-
What is the purpose of a credit memorandum?
-
What is a purchase return?
-
(15 points) Stressed $2.500,000 of S% 20 year bands. These bonds were issued Jary 1, 2017 and pay interest annually on each January 1. The bonds yield 3% and was issued at $325 8S! Required (2)...
-
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for...
-
1. A company issued 10%, 10-year bonds with a par value of $1,000,000 on January 1, at a selling price of $885,295 when the annual market interest rate was 12%. The company uses the effective...
Study smarter with the SolutionInn App