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 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 health is an important aspect of life.
Weegy: Health is quite important as without it you may not be able to work and might end up with limited resources and poverty. Good health helps to prevent depression and one's mood might end up low if one is struggling with health care problems. [ Good health increases lifespan also. ] (More)
Question
Expert Answered
Asked 10/4/2011 4:15:35 PM
0 Answers/Comments
Name three reasons why health is a important aspect in life.
Weegy: Health is an important aspect in life because it allows you to do the things you want to do, work towards happiness, and live a meaningful life. (More)
Question
Expert Answered
Asked 10/4/2011 4:12:33 PM
0 Answers/Comments
Name three reasons why your future is a important aspect in life.
Weegy: 1. Because I will die in future. 2. I will marry in future. 3. My dreams will either be fulfilled or not in future. (More)
Question
Expert Answered
Asked 10/4/2011 4:07:38 PM
0 Answers/Comments
21,080,470 questions answered
Popular Conversations
What is the middle term of the product of (x - 4)(x - 3)? User: ...
Weegy: b.(p + 2)(p + 16) to check: p*p + (2p + 16p) + (2 * 16) = p^2 + 18p + 32 so the answer is b.(p + 2)(p + 16) ...
5/26/2015 1:22:27 PM| 3 Answers
Give the next two numbers in this pattern: 0, 0.75, 1.5, 2.25, ... ...
Weegy: 0.6/0.75 = 0.8 User: Find the direct variation equation which passes through (0, 0) and (4, 1). A. y = 4x ...
5/26/2015 12:36:07 AM| 2 Answers
Evaluate f-2g for f = 4 and g = 32. 2 8 User: Write 6,000,370 in ...
Weegy: y*9 User: (b2)3 Weegy: the bond order of b2 is 1, one bond order = 1/2 (#e- in bonding MO's - #e- in ...
5/26/2015 10:14:55 AM| 2 Answers
What is the solution set of the given equation? 4y - 6y + 9y = -2
Weegy: 4y - 6y + 9y = -2 -2y + 9y = -2 7y = -2 y = -2/7 User: Solve for x. 5x - 6 = 4x + 8 Weegy: ...
5/26/2015 12:20:50 PM| 2 Answers
A major characteristic of monopolistic competition is that prices ...
Weegy: A. higher than in perfect competition. User: A minimum price, set by the government, that must be paid for a ...
5/26/2015 12:56:40 PM| 2 Answers
(2x – 1)(x + 7) = 0
Weegy: (2x + 1)(x + 7) = 0; 2x + 1 = 0; 2x = -1; x = -1/2; x + 7 = 0; x = -7; x = -1/2 or x = -7 User: x^2 ...
5/26/2015 4:37:35 PM| 2 Answers
Weegy Stuff
S
Points 709 [Total 717]| Ratings 1| Comments 699| Invitations 0|Offline
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
1
Points 557 [Total 949]| Ratings 3| Comments 527| Invitations 0|Offline
S
L
P
Points 408 [Total 2885]| Ratings 1| Comments 398| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
Points 147 [Total 167]| Ratings 0| Comments 147| Invitations 0|Offline
S
1
L
L
Points 82 [Total 8265]| Ratings 0| Comments 82| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
L
1
R
Points 48 [Total 1335]| Ratings 0| Comments 48| Invitations 0|Offline
S
Points 20 [Total 20]| Ratings 2| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.