Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: Which of the following groups of accounts will have zero balances after the closing process is completed?5 (Points : 5) Allowance for Doubtful Accounts and Uncollectible Accounts Expense
Purchases and Purchases Returns and Allowances Merchandise Inventory and Sales Depreciation Expense and Accumulated Depreciation - Equipment
A: The answer is "Purchases and Purchases Returns and Allowances"
bongche|Points 3255|
Question
Asked 10/3/2012 5:16:09 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
1. In the general journal, reversing entries are dated as of
Weegy: The process of reversing entries will back out certain accrual entries from the previous period. The company records the original entry in one period and reverses it the next period. [ The accrual entries that need reversing consist of those entries that affect automated processes, such as payroll or invoicing. ] (More)
Question
Expert Answered
Updated 3/4/2015 8:44:49 AM
1 Answer/Comment
In the general journal, reversing entries are dated as of the first date of the accounting period.
Added 3/4/2015 8:44:48 AM
This answer has been confirmed as correct and helpful.
26,489,213 questions answered
Popular Conversations
The following two sentences are saying the same thing. Emily, my ...
Weegy: The following two sentences are saying the same thing. Emily, my daughter, is in sixth grade. Emily, my daughter ...
11/13/2017 12:26:02 PM| 3 Answers
3.85 x 10^-3
Weegy: (3.85 x 10) - 3 User: Give the number of significant figures in this number: 40.00 Weegy: number of ...
11/15/2017 9:18:26 AM| 2 Answers
Solve for x in the equation 6x = 42.
Weegy: 6x = 42
11/8/2017 11:42:29 AM| 2 Answers
4y + 228 = 352.
Weegy: 4y + 228 = 352
11/8/2017 11:59:04 AM| 2 Answers
Coefficient of 2xy^3
11/8/2017 12:00:24 PM| 2 Answers
Weegy Stuff
S
L
P
Points 166 [Total 291] Ratings 9 Comments 76 Invitations 0 Offline
S
P
L
P
Points 21 [Total 151] Ratings 0 Comments 21 Invitations 0 Offline
S
P
P
L
P
P
Points 20 [Total 1658] Ratings 0 Comments 20 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
S
Points 1 [Total 1] Ratings 0 Comments 1 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.