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Other Fields Homework Help Accounting Topic started by: Mr.Cleand on Jul 25, 2018



Title: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: Mr.Cleand on Jul 25, 2018
Emerald Company earned revenues of $69,000 and incurred expenses of $77,000.  No dividends were declared.  Which of the following statements is correct?
A) The entry to close Income Summary is the same regardless of a net income or a net loss.
B) Owner, Capital will be debited for $8,000 and Income Summary will be credited for $8,000.
C) The entries to close revenues and expenses will differ if there is a net loss.
D) The entry to close Income Summary requires a debit to the Income Summary account.


Title: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: sumik on Jul 25, 2018
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: Logan Hubberd on Oct 2, 2019
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: Jay29 on Nov 9, 2019
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: Hannah Morgan on Jul 11, 2020
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: Luis Reyes on Jul 26, 2020
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: Ashley Whetzal on Sep 21, 2020
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: HuiJie Ren on Oct 24, 2020
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
Post by: HuiJie Ren on Oct 26, 2020
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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Title: Re: Emerald Company earned revenues of $69,000 and incurred expenses of $77,000. No dividends were ...
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