BE4.5 (LO 2), AP The ledger of Pitt Company contains the following balances: Owner's Capital $30,000, Owner's Drawings $2,000, Service Revenue $58,000, Salaries and Wages Expense $39,000, and Supplies Expense $7,000. Enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. Journalize and post closing entries using the three-column form of account. T-accounts​

Answers

Answer 1

Based on the entries given, the balances when posted in T-accounts would be:

                                          Owner's Capital a/c

        Drawings                $2,000                    Balance c/d             $30,000

        Balance b/f            $40,000              Income summary        $12,000

                                      $42,000                                                  $42,000

                                               Service revenue a/c

                                                                           Cash                      $58,000

Profit and loss account        $58,000                                                            

                                              $58,000                                          $58,000

                                             Salaries and Wages

     Cash                                 $39,000           Income summary   $39,000

                                               $39,000                                             $39,000

                                             Supplies a/c

      Cash                               $ 7,000             Income summary  $7,000

                                               $7,000                                            $ 7,000

                                         Income summary a/c

      Salaries and wages       $39,000            Service revenue     $58,000

      Supplies expense           $7,000

     Capital a/c                      $12,000                                                            

                                           $58,000                                             $58,000

Journal entries will be:

Date              Account title                                            Debit         Credit

                     Owner's capital                                   $2,000

                     Drawings                                                                  $2,000

Date              Account title                                            Debit         Credit

                     Income summary                                $46,000

                      Salaries and wages expense                                  $39,000

                       Supplies expense                                                    $7,000

Date              Account title                                            Debit         Credit

                     Service revenue                                $58,000

                     Income summary                                                   $58,000

Date              Account title                                            Debit         Credit

                     Income summary                                    $12,000

                     Owner's capital                                                         $12,000

What would be the closing balances?

The closing balance will close off the temporary accounts which include expense accounts such as salaries and wages, and supplies. They will be sent to the Income summary account.

The owner's capital account will receive the profit for the period and will be debited for any drawings made. Accounts should always balance as shown above.

Find out more on closing account balances at https://brainly.com/question/24914390.


Related Questions

I need help please. What is the similarity statement for the triangle pair?
A. ΔXYZ~ΔNEW
B.ΔXZY~ΔNWE
C.ΔYZX~ΔNWE
D. ΔZYX~ΔENW

Answers

Hello! I believe the answer you’re looking for is C.

Here’s a graph of a linear function. Write the equation that describes that function. Express it in slope-intercept form.

Answers

Answer:

y=5x-5

Step-by-step explanation:

The slope of the graph is 5 and the Y intercept is (0,-5). Plug into slope intercept form : y=mx+b to get the equation.

Use the information shown in the line plot. What is the total weight of the 4 heaviest melons?

Answers

Answer:

22.5 lbs

Step-by-step explanation:

the four heaviest melons are 5 1/2, 5 1/2, 5 1/2, and 6 pounds

when you add those together

5.5 + 5.5 + 5.5 + 6

you get

22.5 lbs

Match each action with its effect on the set of scores shown. Use each action only once.
90, 85, 35, 70, 67, 76, 90, 79, 94, 100, 87, 61, 56, 80, 67, 65

Answers

The change that will occur to the mean, median, mode of the data matched as follows:

1. e

2. b

3. d

4. a

5. c

What is the Mean fo a Data Set?

To find the mean, the sum of all the values is divided by the number of values.

Given the data, 90, 85, 35, 70, 67, 76, 90, 79, 94, 100, 87, 61, 56, 80, 67, 65, therefore:

1. 35 is an extreme value, so it is an outlier. If we remove 35, the greatest change will be on the mean. (e)

2. If we remove 90, 67 will have the highest frequency. This means the mode of the data will change to 67. (b)

3. If 76 is removed from the data, the median of the data would be 79. (d)

4. If we remove 100, the range of the data would be, 94 - 35 = 59. (a)

5. If we remove 94, the mean of the data = 1108/15 = 73.87

This means the mean of the data will change to 73.87 if we remove 94. (c)

Learn more about the mean of a data on:

https://brainly.com/question/11015069

Find all relative maximum and minimums of f(x) =2x^3-3x^2-12x+5 Explain your steps in detail.

Answers

Answer:

The relative minimum is (3,-4) and the relative maximum is (-2,1)

Step-by-step explanation:

The first step is to take the derivative of f(x)

By using the power rule which is d/dx x^n=nx^n-1 you will find that the derivative is 6x^2-6x-12

The next step is to set the derivative = to 0 and by doing that you will obtain x being equaled to -2 and 3

Put -2 and 3 on a sign chart and determine the behavior for both of those functions

The outcome of your sign chart should be + - + because of the odd multimplicity of (x-3) and (x+2).

The next step is to find the f(x) values or y values of your two points

By plugging in 3 into f(x), you get -4 and by plugging in -2 into f(x) you get 1

Since there was interval given, I cannot find the absolute extremas of this function.

The following statement is a Contingency: (P and (P => Q)) => Q T True F False

Answers

The statement (p and (p => q)) => q) is not a contingency because of it evaluating to only true while a contingency statement includes both true values and some false values.

What is a contingency statement?

Contingency is a statement in which there are some true and some false values for every value of its propositional variables.

The statement given is (p and (p => q)) => q), or in more symbolic way, it is: ((p ∧ (p → q)) → q)

Now, let we evaluate it for p = False, and q = False.

Then we get:

(p → q) = T (as False implied False)

Now, (p ∧ (p → q))  is F and T which is F

Then, ((p ∧ (p → q)) → q)  is F  → F which is True, or T.

Thus, p = F,and q = F makes  ((p ∧ (p → q)) → q)  = T

Similarly, the truth table for the statement (p and (p => q)) => q) or simply  ((p ∧ (p → q)) → q) is:

p q ((p ∧ (p → q)) → q)

F F T

F T T

T F T

T T T

Since all the values are true, thus, this isn't a contingency.

Thus, the statement (p and (p => q)) => q) is not a contingency because of it evaluating to only true while a contingency statement includes both true  values and some false values.

Learn more about contingency here:

https://brainly.com/question/11656774

#SPJ1

Find the slope of the line graphed below.

Answers

Answer:

—7/3

Step-by-step explanation:

1) Choose two points on it.

like (1,3) and (4,—4)

2) slope is

[tex]slope = \frac{y2 - y1}{x2 - x1} = \frac{3 + 4}{1 - 4} = \frac{7}{ - 3} = - \frac{7}{3} [/tex]

Answer:

-7/3

Step-by-step explanation:

Slope formula:

[tex]\frac{y_{2} - y_{1}}{x_{2} - x_{1}}[/tex]

The two points on the graph are (1,3) and (4,-4).

Substitute into the formula:

[tex]\frac{-4 - 3}{4 - 1}[/tex]

Simplify:

[tex]\frac{-4 - 3}{4 - 1} = \frac{-7}{3}[/tex]

when asked to factor the x^2 - 100, a student gives the answer (x -10) (x-10). what is wrong with this answer?

Answers

[tex]x^2-100\\\\=x^2-10^2\\\\=(x+10)(x-10)\\\\\text{The difference of two squares formula is}~ a^2 -b^2 =(a+b)(a-b),\\\\\text{So, the student did not apply it properly}[/tex]

The sum of 15 and twice a number is -31. Find the number

Answers

Answer:

-23

Step-by-step explanation:

15 + 2n = -31

15 + 2n - 15 = -31 - 15

2n = -46

n = -23

The sale tax rate is 5%. Jadon buys a shirt at $200.What will be the total cost, including tax

Answers

210.
Because when tax is turned into a decimal, .05 multiplied by 200 is 10 then add 10 to 200 making 210

What is the slope-intercept equation for this line?

Answers

Answer:

the slope intersection is xy

Answer:

y=-3x+4

Solution:We are given 2 points: (1,1) and (0,4)We can use these points to find the slope of the line:[tex]m=\displaystyle\frac{y2-y1}{x2-x1}[/tex][tex]\displaystyle\frac{4-1}{0-1}[/tex][tex]\displaystyle\frac{3}{-1}[/tex][tex]-3[/tex]Now, let's identify the y-intercept.The y-intercept is the point where the graph touches the y-axis.Since the graph touches the y-axis at (0,4) the y-intercept is equivalent to (0, 4) or 4.

Hope it helps.

Do comment if you have any query.

Help i will give thanks to the first to answer

Answers

Answer:

The value of the expression is 21

Step-by-step explanation:

You need to plug 5 into z

Expression:

5z-4

5(5) - 4

Notice that 5 shall be multiplied meaning 5 x 5

25-4

= 21

It's 21 since 5 times 5 is 25 subtracted 4 is 21

thought it was something else

a woman 1.65. tall stood 50m away from the foot of a tower,and observe that the angle of elevation of the top of the tower to be 50⁰ what is the height of the tower​

Answers

[tex]\sf\huge\underline{\star Solution:-}[/tex]

[tex]\rightarrow[/tex]Let the women's height be AE and distance between the women and tower be AC.

Also let the height of tower be BC.

[tex]\rightarrow[/tex]Now, clearly it is forming a triangle.

So, in triangle ABC,

[tex]\rightarrow[/tex][tex]\sf{Tan50° \:= \: \frac{BC}{AC}}[/tex]

[tex]\rightarrow[/tex][tex]\sf{1.19 \:= \: \frac{BC}{50}}[/tex]

[tex]\rightarrow[/tex][tex]\sf{1.19 ×50\:= \: BC}[/tex]

[tex]\rightarrow[/tex][tex]\sf{59.5m\:= \: BC}[/tex]

[tex]\rightarrow[/tex]Hence, BC = 59.5m

So, BD(total height of the tower)[tex]\sf{ = \:BC+CD}[/tex]

[tex]\sf{= \:59.5+1.65}[/tex]

[tex]\sf{=\: 61.15m}[/tex]

Therefore, total height of the tower =[tex]\sf\purple{ 61.15m.}[/tex]

________________________________

Hope it helps you:)

Answer:

61.24 m to the nearest hundredth.

Step-by-step explanation:

tan 50 = H / 50  

H =  50 tan 50

Height of the tower = H + height of the woman

= 50 tan 50 + 1.65

= 61.2377 m

PLEASE HELP BEST ANSWER GETS BRAINLY

Answers

Answer:

it is the third one 1,133.54 in²

Step-by-step explanation:

38÷2=19 = R

19²×3.14 = 1,133.54 in²

Wall Drugs offered an incentive stock option plan to its employees. On January 1, 2021, options were granted for 69,000 $1 par common shares. The exercise price equals the $5 market price of the common stock on the grant date. The options cannot be exercised before January 1, 2024, and expire December 31, 2025. Each option has a fair value of $1 based on an option pricing model.

What is the total compensation cost for this plan?

Answers

if you copy the words and paste it you will get it right 100% did it already gotcha

With that in mind, try to answer the question.
If the diameter of the moon is 3476 km, what is the circumference of the moon,
in kilometers? (Round your answer to the nearest thousand kilometers.)
Answer

Answers

Answer:

10920.176064km

Step-by-step explanation:

Circumfrence = 2*pi*radius

radius = diameter/2

r = 3476/2

c=2(pi)r

c=2(pi)(3476/2)

c=10920.176064

What is the area of this figure?
Enter your answer in the box.
in2
8 in.
116 in.
20 in.

Answers

Answer:

8

Step-by-step explanation:

I think we should add all the numbers when you multiply them by 5 then you will get 8.8

Madison's favorite part of pizza is the crust. Pizza sizes are determined by their
diameter. Which size pizza should Madison order to get 37.68 inches of crust?

Answers

Answer:

Step-by-step explanation:

I WILL GIVE YOU 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER. A ramp formed the angles shown to the right. What are the values of A and B?

Answers

Answer:

A=167⁰, B=13⁰

Step-by-step explanation:

A=167⁰

B=13⁰

I HOPE IT HELPED YOU

Answer:

a° = 167°, b° = 13°

Step-by-step explanation:

since the angles in a triangle add to 180°, we can work out b°

90° (right angle) - 77° = 167°

180° - 167° = 13°

since the angle of a straight line is also 180°, a° would be 180° - 13° which is 167°.

Find the slope of the line passing through the points (-4, 1) and -9,5)

Answers

The slope of the line is -0.8.

The formula for distance  is...

y2−y1                                5−1

______=                       ________    

  x2−x1                            −9− −4

And so when simplified we  get

4

__

-5

Giving us -0.8.

solve for x ~
[tex]x {}^{2} - 5x + 6 = 0[/tex]


thankyou ~​

Answers

Answer:

x²-5x+6 =0

x²-3x-2x+6 =0

x(x-3)-2(x-3)=0

(x-2)(x-3) =0

x-2 =0, x-3 = 0

x=2 , x = 3

x = 2 or 3 answer

let a=x2+4. use a to find the solutions for the following equation:(x2+4)2+32x2=48

Answers

X= la raiz cuadrada de 20/17 y la raiz cuadrada de -20/17


esas son las respuestas segun yo pero revisalas para ver si estoy en lo correcto


The triangles below are similar. Find x.

a. 1
b. 2
c. 3
d. 4

Answers

Answer:

a. 1

Step-by-step explanation:

[tex]\frac{x+2}{x} =\frac{6}{2} =3[/tex]

The ratio is 1:3

[tex]x+2=3x[/tex]

[tex]2=3x-x\\2=2x\\[/tex]

x = 2/2 = 1

Hope this helps

Pls help me worth 50 points + brainliest
(i only can give brainliest if 2 PEOPLE answer)

Answers

Answer:

$19.90

Step-by-step explanation:

Cost at Best Computers

$299 x (100 - 40)%$299 x 60%$299 x 0.6$179.40

Cost at Val-U-Mart

$299 x (100 - 30)% - $10$299 x 70% - $10$299 x 0.7 - $10$209.30 - $10$199.30

Money saved

199.30 - 179.40$19.90

There are two taxi cab companies in Redwood. Their charges are listed below.
Redwood Taxi
$2.00 for the first mile
plus
$1.00 for each additional mile

Max's Taxi Service
$5.00 for the first mile
plus
$0.50 for each additional mile

According to the graph below, for how many miles will the charges from both taxi cab companies be equal?

1. 8
2. 1
3. 7
4. 4

Answers

Answer:

The answer is number 3 or 7 miles is when the charges in both the taxi cab companies will be equal.

Step-by-step explanation:

Redwood Taxi:

$2.00 + $1.00(6)

 $2.00 + $6.00 = $8.00

Max's Taxi Service:

$5.00 + $0.50(6)

 $5.00 + $3.00 = $8.00

Easier Solution:

Look at the image and see what coordinate both lines cross at. The X coordinate or 7 would be the answer.

         

Answer:The answer is number 3 or 7 miles is when the charges in both the taxi cab companies will be equal.

Step-by-step explanation:

Redwood Taxi:

$2.00 + $1.00(6)

$2.00 + $6.00 = $8.00

Max's Taxi Service:

$5.00 + $0.50(6)

$5.00 + $3.00 = $8.00

Easier Solution:

Look at the image and see what coordinate both lines cross at. The X coordinate or 7 would be the answer.

       

Which decimal is equivalent to 0.75?

Answers

Answer:

Fracción

3/4

Fracciones equivalentes

6/8

Decimal

0,75

Answer:

3/4.

Step-by-step explanation:

0.75 = 75/100

= 3/4

What is the value of the expression 20 ÷ 4 + (6 x 2) − 2? (2 points)

15

22

17

28

Answers

Answer: 15

Step-by-step explanation:

20 ÷ 4 + (6 x 2) − 2

Start by solving the parenthesis

20 ÷ 4 + (12) − 2

Now using order of operations we know to do division before addition/subtraction

5+12-2

Solve addition/subtraction from left to right

17-2

15

The number of ways 4 chairs can be arranged.

Answers

Answer:

24 arrangements.

Step-by-step explanation:

ive done this before

what is fhe solution of the system of these equations? (i’m giving brainliest)

Answers

Answer:

Top-left system: (3,5)

Bottom-right

system: (-1,0)

Step-by-step explanation:

One way to solve a system of equations is to graph them. The solution is the point of intersection (where the lines cross). If you need to give the x-value and y-values separately, the first number in the pair is the x and the second number is the y.

What is the value of x in this equation? 5x= 15

Answers

Answer:

x=3

Step-by-step explanation:

15 divided by 5= 3

5(3)=15

so x=3

Other Questions
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The art that you select and use for this lab can be in any form or any type of artpaintings, sculptures, commercial art, abstract art, etc.However, make sure that you will be able to take aspects or qualities from each piece of art that you choose and blend them together to form a new piece of digital art.Find an online image or take a picture of each piece of artwork that you will use and insert these images into a word processing document with a title for each original piece.Step 2: Art CritiqueNext, you will evaluate and critique the art by answering the questions below for each piece of art:Who is the artist of the piece, when was it created, and what is the title?What adjectives could be used to describe it?What is the subject of the art?How does the artist use color (light and dark), and how does it impact the art?How do the individual principles come together to make the art?What kind of mood or feelings does the art create?Is the artist showing order or chaos?What kind of message did you get from the image and did the artist communicate it well?What do you think of the artists use of color?What are your three favorite aspects of this piece of art (use of color, texture, the subject, the mood, etc.)Feel free to write several short paragraphs to form a short, cohesive essay that answers each of the questions about each piece of art OR you may copy/paste the questions below each piece of art and provide your answer under the bulleted questions. You should have three critiques when you finish this step.Step 3: Remaster the ArtNow its time to take several aspects or components from each piece of art that you evaluated and create your own original piece of digital art that seamlessly blends these three pieces.There are a variety of ways that you can create this digital artwith a program that you may already have on your computer like Photoshop, PowerPoint, or Keynote or with a free online program such as Inkscape or Canva.Do some online research into free online digital art creation programs and decide what you will use to create your piece of digital art.Once you have selected the appropriate tool for creating your digital art, select at least three components from each piece of art that you evaluated to include in your digital piece. 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