It is the end of the year but not the end of the pay period. How will this affect the balance sheet?
A. Assets will be increased.
B. Liabilities will be increased.
D. This has no effect on the period-end balance sheet.
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OpenStudy (anonymous):
depends BRING IT ON!!!!!!!!!!!!!
OpenStudy (anonymous):
lol ok
OpenStudy (anonymous):
The income statement debit column of the worksheet showed the following expenses:
Supplies Expense
$600
Depreciation Expense
400
Salaries Expense
300
A.
Income Summary
1,300
Supplies Expense
600
Depreciation Expense
400
Salaries Expense
300
B.
Income Summary
1,200
Capital
1,200
D.
Capital
1,200
Income Summary
1,200
OpenStudy (anonymous):
i would belive its d
OpenStudy (anonymous):
ok thank you
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OpenStudy (anonymous):
no prob
OpenStudy (anonymous):
both of them were wrong
OpenStudy (anonymous):
i dont know how the first one for sure i thought fore sure would be right iam so so sorry