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. Which of the following reports a company's results of operations? A) Balance sheet B) Statement of owner’s equity in a proprietorship C) Adjusted trial balance D) Income statement
The best answer is D. Income statement - is the report showing company's results of operations.
Expert answered|ephraimzRN|Points 775|
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Asked 10/30/2011 11:04:43 PM
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Becki Jean Corporation issued a one-year, 9%, $200,000 note on April 30, 2010. Interest expense for the year ended December 31, 2010 was $10,500. $13,500. $12,000. $18,000.
Weegy: what is the question pls? User: Becki Jean Corporation issued a one-year, 9%, $200,000 note on April 30, 2010. Interest expense for the year ended December 31, 2010 was 1) $10,500. 2) $13,500. 3) $12,000. 4) $18,000. Weegy: The answer is 3) $12,000 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I = [ $200,000 x 0.09 x (8/12) ] = $12,000 (More)
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Asked 10/25/2011 9:49:06 PM
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Speedy Clean Laundry purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the company on June 30 is Debit Laundry Supplies, $4,500; Credit Laundry Supplies Expense, $4,500. Debit Laundry Supplies Expense, $4,500; Credit Laundry Supplies, $4,500. Debit Laundry Supplies Expense, $2,000; Credit Laundry Supplies, ...
Weegy: Hello! Do you have a question to Weegy? User: Speedy Clean Laundry purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June 30, an inventory of the laundry supplies indicated only $2,000 on hand. The adjusting entry that should be made by the company on June 30 is Debit Laundry Supplies, $4,500; Credit Laundry Supplies Expense, $4,500. Debit Laundry Supplies Expense, $4,500; Credit Laundry Supplies, $4,500. Debit Laundry Supplies Expense, $2,000; Credit Laundry Supplies, $2,000. Debit Laundry Supplies, $2,000; Credit Laundry Supplies Expense, $2,000 Weegy: That is not correct. You need a Debit of 4500 for the balance sheet to be adjusted. (More)
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Asked 10/25/2011 9:59:54 PM
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