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A Company Had Revenues of $75,000, Withdrawals of $10,000 and Expenses

Question 43

Multiple Choice

A company had revenues of $75,000, withdrawals of $10,000 and expenses of $62,000
during an accounting period. Which of the following entries should not be journalized in the closing process?


A) A company had revenues of $75,000, withdrawals of $10,000 and expenses of $62,000 during an accounting period. Which of the following entries should not be journalized in the closing process? A) B) C) D) E) All of these should be journalized in the closing process.
B) A company had revenues of $75,000, withdrawals of $10,000 and expenses of $62,000 during an accounting period. Which of the following entries should not be journalized in the closing process? A) B) C) D) E) All of these should be journalized in the closing process.
C) A company had revenues of $75,000, withdrawals of $10,000 and expenses of $62,000 during an accounting period. Which of the following entries should not be journalized in the closing process? A) B) C) D) E) All of these should be journalized in the closing process.
D) A company had revenues of $75,000, withdrawals of $10,000 and expenses of $62,000 during an accounting period. Which of the following entries should not be journalized in the closing process? A) B) C) D) E) All of these should be journalized in the closing process.
E) All of these should be journalized in the closing process.

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