Notice: Payments for answers will end 4/10/2017. Click for more info.
Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
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
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
Question
Expert Answered
Updated 7/7/2012 6:22:47 PM
2 Answers/Comments
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
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
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
Question
Not Answered
Updated 10/8/2011 2:38:27 AM
1 Answer/Comment
Purchases and Purchases Returns and Allowances is a group of accounts that will have zero balances after the closing process is completed. ref:
Added 10/8/2011 2:38:27 AM
This answer has been added to the Weegy Knowledgebase
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
Weegy: Simply solve the equation for P rather than Q Start by adding 0.2P to both sides 0.2P + Q = 100 then subtract Q from both sides 0.2P = 100 - Q then divide both sides by 0.2 and you get P = 500 - 5Q (More)
Question
Expert Answered
Updated 10/8/2011 2:40:36 AM
1 Answer/Comment
Purchases and Purchases Returns and Allowances is the group of accounts will have zero balances after the closing process is completed. ref:
Added 10/8/2011 2:40:36 AM
This answer has been added to the Weegy Knowledgebase
The beginning capital balance shown on a statement of owner's equity is $86,000. Net income for the period is $36,000. The owner withdrew $44,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is: $78,000 $94,000 $122,000 $166,000
Weegy: The owner's capital balance at the end of the period is $125,000 (More)
Question
Expert Answered
Updated 10/8/2011 5:11:01 AM
1 Answer/Comment
$78,000 is the owner's capital balance at the end of the period if The beginning capital balance shown on a statement of owner's equity is $86,000, net income for the period is $36,000 and the owner withdrew $44,000 cash from the business and made no additional investments during the period. Solution: 86000+36000-44000=78000
Added 10/8/2011 5:11:01 AM
This answer has been added to the Weegy Knowledgebase
The beginning capital balance shown on a statement of owner's equity is $86,000. Net income for the period is $36,000. The owner withdrew $44,000 cash from the business and made no additional investments during the period. The owner's capital balance at the end of the period is: (Points : 5) $78,000 $94,000 $122,000 $166,000
Question
Not Answered
Updated 10/8/2011 5:07:04 AM
1 Answer/Comment
$78,000 is the owner's capital balance at the end of the period if The beginning capital balance shown on a statement of owner's equity is $86,000, net income for the period is $36,000 and the owner withdrew $44,000 cash from the business and made no additional investments during the period. Solution: 86000+36000-44000=78000
Added 10/8/2011 5:07:04 AM
This answer has been added to the Weegy Knowledgebase
27,380,900 questions answered
Weegy Stuff
S
P
Points 114 [Total 765] Ratings 0 Comments 114 Invitations 0 Offline
S
P
P
L
P
P
Points 54 [Total 1722] Ratings 0 Comments 54 Invitations 0 Offline
S
Points 21 [Total 21] Ratings 2 Comments 1 Invitations 0 Offline
S
Points 20 [Total 20] Ratings 2 Comments 0 Invitations 0 Offline
S
Points 3 [Total 14] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 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.