Bach, Inc. had closing entries which included debits to revenues for a total of $6,425, credits to expenses for a total of $3,000, and credits to dividends for $400. Bach's net income was $3,425.
Correct Answer:
Verified
Q135: The total revenues of $6,700, total expenses
Q136: Expense accounts are closed by crediting them
Q137: The accounts that are NOT closed are:
A)Assets,
Q138: Respectively, dividends, revenues, and expenses are:
A)temporary, permanent,
Q139: Revenue accounts are closed by crediting them
Q141: Closing entries are prepared for which of
Q142: The account balances on the post-closing trial
Q143: Which of the following accounts would NOT
Q144: The entry to close the revenue accounts
Q145: Closing entries included debits to revenues for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents