Question and answer
Which of the following groups of accounts will have zero balances after the closing process is completed?Allowance for Doubtful Accounts and Uncollectible Accounts Expense Purchases and
Purchases Returns and Allowances Merchandise Inventory and Sales Depreciation Expense and Accumulated Depreciation - Equipment
Purchases and Purchases Returns and Allowances is the group of accounts will have zero balances after the closing process is completed.
Question
Asked 10/8/2011 12:41:45 AM
Updated 7/7/2012 6:22:47 PM
2 Answers/Comments
Get an answer
New answers
Rating
2
Purchases and Purchases Returns and Allowances is the group of accounts will have zero balances after the closing process is completed.
Added 10/8/2011 3:07:29 AM
This answer has been added to the Weegy Knowledgebase
Rated bad by bethsands
1
The correct answer is: Allowance for Doubtful Accounts and Uncollectible Accounts Expense. I am an accounting student and this question was on a quiz. I am 100% positive on the correct answer.



Added 7/7/2012 6:22:47 PM
Rated good by bethsands
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
How do you think that you became so confident in yourself? What are you particularly confident in?
Weegy: To be confident, you must know what is your niche. I'm confident on my knowledge in Online Marketing and SEO because that is my niche. (More)
Question
Expert Answered
Asked 10/4/2011 9:16:09 AM
0 Answers/Comments
Name three reasons why family is an important aspect in life.
Weegy: Three reasons for family is an important aspect in life : 1. Fostering the human need for love and intimacy is an important purpose of the family. [ The family is generally viewed as a haven from the world, supplying "intimacy, love and trust where individuals may escape the competition of dehumanizing forces in modern society. ............ 2. The family protects individuals from the rough and tumble of the industrialized world. The family is where warmth, tenderness, and understanding can be expected from a loving mother and protection from the world can be expected from the father. These purposes have declined as income levels allow for economic security independent of family support and as individuals enjoy increased civil rights and opportunities to pursue happiness outside the family setting. ................ 3. The family is also the primary school of virtue, where children learn manners, obedience to their parents, helpfulness to their siblings, care for their younger siblings, and so on. More lessons are learned in the school of marriage and still more in the school of parenthood. Anthropologist James Q. Wilson has called the family "a continuing locus of moral instruction…we learn to cope with the people of the world because we learn to cope with members of our family. ................... ] (More)
Question
Expert Answered
Asked 10/4/2011 3:21:52 PM
0 Answers/Comments
Name three reasons why friends is an important aspect in life.
Weegy: Friends are important because they provide you emotional support, entertainment, and companionship. (More)
Question
Expert Answered
Asked 10/4/2011 3:45:18 PM
0 Answers/Comments
Name three reason why friends is an important aspect in life.
Weegy: Three reasons for friends are an important aspect in life : 1. Physical health : our habits tend to be worse when we are on our own too much (what is too much will vary from person to person). [ We drink more alcohol, take less exercise and often eat less well. I know lots of people who say they eat a much more balanced meal if they are with others than if they are at home alone. Sleep patterns can also be disrupted by feeling lonely. Our immune systems don't work as well when we are on our own more than we would like or that is good for us either. These things do relate to generally good relationships with others - there are clearly negative effects of spending time with others in a negative way (if they are bullying you for instance). But it doesn't have to be a romantic relationship, the benefits apply to friends of all shapes and sizes and ages and abilities and a few or lots of friends (people vary in their preference for the number of friends they have, that is no problem at all). ......... 2. Perspective : people on their own a lot can be prone to a lot of rumination. Going over and over things that maybe didn't go well, or are coming up, or could have been better in some way. Friends dispel that to a large extent. You realise someone else has the same issue, or a different view on it, or just help you to find a funny side. They may (gently or otherwise) challenge your views which can be enormously helpful. They may be sympathetic to your outlook. Great friends are often sympathetic and challenging at times! They may have suggestions which help. They may not. But in any event being with friends usually stops the rumination in its tracks for while at least which is a big factor in reducing anxiety. Money (beyond keeping a roof over your head and food on the table) rarely reduces anxiety. It has a habit of doing the exact opposite. ............ 3. Creativity : friends can help you to bounce your ideas around, or can inspire you with new ideas. The ... (More)
Question
Expert Answered
Asked 10/4/2011 3:48:17 PM
0 Answers/Comments
Name three reasons why your future is a important aspect in life.
Weegy: 1. Carrier 2. Dream 3. Passion (More)
Question
Expert Answered
Asked 10/4/2011 4:03:00 PM
0 Answers/Comments
19,760,389 questions answered
Popular Conversations
Simplify 8(x + 6) - 10 User: Simplify 8(R + 6) - 2R. User: Simplify ...
Weegy: The answer is x^2 User: Simplify 12 + 3(2x - 3) + 4. Weegy: 12 + 3(2x - 3) + 4. = 12 + 6x - 9 + 4; = 6x + ...
3/3/2015 12:14:01 PM| 14 Answers
t Object]User: Write 5,000,039 in scientific notation. User: Find ...
Weegy: Here are some characteristics of grace and forgiveness: patience, kindness, mercy, unconditional love, empathy, ...
3/3/2015 11:59:55 AM| 8 Answers
The sum of the interior angles of a quadrilateral equals 360°.
Weegy: The sum of the interior angles of a quadrilateral equals 360 . This is TRUE. User: An exterior angle of a ...
3/3/2015 7:02:05 AM| 5 Answers
Simplify (-7/8)(-3/4).
Weegy: (-7/8) * (-3/4) = 21/32; User: Simplify (3/10)(-5/9). Weegy: (3/10) * (-5/9) = -15/90; = -1/6 User: ...
3/3/2015 9:37:06 AM| 5 Answers
What is the midpoint of a segment whose endpoints are (14, 7) ...
Weegy: The midpoint of the line segment whose endpoints are (3, 10) and (7, 8) is: (-2, 5). M = [(x2 + x1)/2] , [(y2 + ...
3/3/2015 10:30:58 AM| 5 Answers
Evaluate 5x3 + 2 for x = -1.
Weegy: 5(-1)^3 + 2 = -5 + 2 = -3 . which is B User: Simplify 9 - {x - (7 + x)}. User: Simplify 6r · s · 4rt. ...
3/3/2015 12:50:12 PM| 4 Answers
Which of the following equations is the translation 2 units up of the ...
Weegy: The following equation that is the translation 2 units down of the graph of y = |x| is y = |x| - 2. User: If ...
3/3/2015 9:03:04 AM| 3 Answers
Simplify 7(A - 6). User: Simplify 0.05x + 1.02x. User: Simplify ...
Weegy: b(a + b) - a(a - b) = ab + b^2 - (a^2 - ab) = ab + b^2 - a^2 + ab = 2ab + b^2 - a^2 User: Simplify 10x - 3x ...
3/3/2015 10:41:26 AM| 3 Answers
Simplify 6(x + 4). User: Simplify 12A + 2 + A - 1. User: Simplify ...
Weegy: If you Factor 2n+4, the answer would be 2(n+2).
3/3/2015 10:45:11 AM| 3 Answers
Which of the following values is farthest to the left on the number ...
Weegy: The value farthest to the left on the number line is 2. User: Find the value of 21 + 4(32 - 5). Weegy: 3-3 ...
3/3/2015 12:37:15 PM| 3 Answers
What is the equation of the line that passes through (4, -1) and (-2, ...
Weegy: y = (-2/5)x - 2 User: What is the equation of the line that passes through (-3, -1) and has a slope of ? ...
3/3/2015 3:06:50 PM| 3 Answers
Having a realistic pride in one’s abilities, accomplishments and ...
Weegy: Having a realistic pride in one s abilities, accomplishments and goals is known as Self-efficacy User: 'A ...
3/3/2015 12:28:10 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 193 [Total 8079]| Ratings 0| Comments 193| Invitations 0|Offline
S
1
L
L
Points 52 [Total 7553]| Ratings 0| Comments 52| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 31 [Total 7338]| Ratings 0| Comments 31| Invitations 0|Offline
S
1
Points 23 [Total 934]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 390]| Ratings 0| Comments 22| Invitations 0|Offline
S
Points 16 [Total 107]| Ratings 0| Comments 16| Invitations 0|Offline
S
Points 11 [Total 127]| Ratings 1| Comments 1| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Online
S
Points 10 [Total 240]| Ratings 1| Comments 0| Invitations 0|Offline
S
1
L
Points 2 [Total 3160]| Ratings 0| Comments 2| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.