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please help with accounting 1 question, 5 parts :) Which of the following options includes only temporary accounts? Dividends, Income Summary Expenses, Retained Earnings Retained
please help with accounting
Which of the following options includes only temporary accounts? Dividends, Income Summary Expenses, Retained Earnings Retained Earnings, Revenues Retained Earnings, Income Summary Assume a company had expenses of $21,000 for the period. Which of the following options will close expenses? Dr. Retained Earnings; Cr. Expenses Dr. Expenses; Cr. Retained Earnings Dr. Income Summary; Cr. Expenses Dr. Expenses; Cr. Income Summary Assume a company recmived cash in advance of providing services and appropriately set up an Unearned Reveruje account. When those revenues are earned, what will the odjusting journal entry include? A debit to Uneamed Revenue A debit to Service Revenue A credit to Unearned Revenue: A credit to Cash A debit to Cash R Inc. employed 10 employees during the month of December. Total wages earned by the employees for the month of December amounted to $32,000. R inc. will pay these employees the next payday, which is January 1 . Assuming adjusting entries are recorded at the end of each month, what adjusting journal entry is required on December 31 , it any? No journal entry is required. Dr. Salaries Payable 32,000; Cr. Salaries Expense 32,000 Dr. Salaries Expense 32,000; Cr. Salaries Payable 32,000 Dr, Salaries Expense 32,000; Cr. Cash 32,000 On March 1, Rolzo inc. prepays rent for 6 months for a total of $30,000. During the adjusting process at month's end, what will Rolzo Inc, record as an adjusting ontry for rent Dr Rent Expense 5,000, Cr Prepaid Rent 5,000 Dr Rent Expense 5,000; Cr Rent Payable 5,000 Dr Prepald Rent 5,000; Cr Rent Expense 5,000 Dr Prepald Rent 30,000: Cr Cash: 30,000 1 question, 5 parts :)
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