haleyissocool2077 haleyissocool2077
  • 09-03-2019
  • Business
contestada

The balance in the j.​ higgins, withdrawals account was. the entry to close the account would include​ a:

Respuesta :

MrsSeifried MrsSeifried
  • 09-03-2019

The correct answer to this question would be a credit entry.

A withdrawal account has a debit balance throughout the accounting period when the owner makes a withdrawal. At the end of the accounting cycle there needs to be a closing entry made that would zero out the withdrawal account. This entry will be a credit to the withdrawal account and a debit to the capital account. The amount will be the balance in the withdrawal account in order to bring the balance to zero.

Answer Link

Otras preguntas

why were europeans able to expand their powers in asia and africa​
Explain the three macroeconomic goals of economic systems
2x2-50=0 me ajudem por favor e pra amanha
Which circle shows AB that measures 60 degrees?
Sameena measures the angle from the ground to the top of a building from two locations. The angle of elevation from the first point is 45°, and the angle of ele
Given the following similar triangles, find x.​
Which type of character has many personality traits, just as a real people do?A flatB roundC staticD dynamic
Why was Rhode Island founded
Mi compañero de clase Rubén y yo tenemos mucho en común. Los dos nacimos en la década de los 90, así que somos de la misma generación. Ambos ____________ a un g
White shapes and black shapes are used in a game. Some of the shapes are circles. All the other sahpes are squares. The ratio of the number of white shapes to