Solved

If Cleaning Expenses for the Year Are $8 200,made Up

Question 2

Multiple Choice

If cleaning expenses for the year are $8 200,made up of cash payments of $7 900 and accrued cleaning of $300 what is the amount of cleaning that is closed to the profit and loss summary account?


A) Nil
B) $300
C) $7 900
D) $8 200

Correct Answer:

verifed

Verified

Related Questions

Q1: In the closing process the balances of

Q3: The accounting entries made to close the

Q4: Before calculating the profit for the period,the

Q5: The retained profits balance of Go Company

Q6: What is the closing entry for drawings

Q7: This is Kululu's year-end trial balance:

Q8: In a company balance sheet equity is

Q9: When closing the accounts of a partnership

Q10: A d_ is a distribution of cash

Q11: Balance sheet accounts are known as permanent