journalizing closing entries the following account names and balances appear on the work | studysoup
journalizing closing entries the following account names and balances appear on the work sheet for kits & pups grooming for the month ended december 31.using this information, record the closing entries for kits & pups grooming. use general journal page 11.
?problem 10.6


journalizing closing entries 
the following account names and balances appear on the worksheet for kits & pups grooming for the month ended december 31. 
 



instructions. using this information, record the closing entries for kits & pups grooming. use general journal page 11.




 step by step solution




step 1 of 3


income statement can be defined as the summary of the revenue generated and the expenses incurred by the company during the financial year. it is used to calculate the net income and evaluate the profitability.




step 2 of 3


date
 accounts and explanation
 debit
 credit
 dec 31
 income summary
 2,310,000
 

 

 abe shultz, capital
 

 2,310,000
 

 

 

 

 dec 31
 boarding revenue
 2,000,000
 

 

 grooming revenue
 800,000
 

 

 income summary
 

 2,800,000
 

 

 

 

 dec 31
 income summary
 490,000
 

 

 advertisement expenses
 

 70,000
 

 equipment repair expenses
 

 120,000
 

 maintenance expenses
 

 50,000
 

 rent expenses
 

 170,000
 

 utilities expenses
 

 80,000
 

 

 

 

 



step 3 of 3


particular
 amount
 opening balance
 5,270,000
 add: net income
 2,310,000
 less: withdrawal
 (700,000)
 ending capital balance
 6,880,000
hi [@nrebhun](/u/nrebhun),

thank you for catching that! to avoid confusion and to add clarity, the provided example should be closes #1. i’ll make sure a push goes up to make the update in the course instructions. hey, so after some minor improvements i finally found the time to make this into a doc that everyone can use, adopt and copy. let me know what you think and if you have any improvements.

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track your personal habits, finances, tasks and time … hi paul,

i believe the financial reporting covers in quite a lot of detail exactly what you are looking for.

from what i can tell you aren’t using templates in your tables…

[[image]](https://forum.enterprisedna.co/uploads/db7134/original/2x/5/559a333f85c159c8d9bec9235ca5c45997d08858.png "image")

if you want to get a certain order and custom table then you really need to use the template approach covered in t… ><snip angsty whining> I am supposed to read numbers out  

>of a file piano.data and put the results into report.out.  

How are the results to be formatted? Give us an example run of the program.



>The piano file is structured like this  

Exactly like that? Or are you adding your own commentary? The difference is in how you parse the data, and that's a pretty big difference. hi david, thank you for question. these are called alerts, and show payments that have come into and out of your account. the cards you see should be dragged and dropped on the slideby grid in the row for that particular customer or supplier (it doesn't matter which date, as slideby will automatically move this to the correct incoming/outgoing payment date). please visit this page to learn more about alerts and how these can be matched to any invoices and estimates you have created. Monthly payments from a reverse mortgage do not count as "income" for Medicaid purposes, but any payments not consumed or converted to a non-countable form by the end of the month of receipt are then counted as an asset in the following month. In most cases, a reverse mortgage is not advisable for a single person who may move to a nursing home soon, because it will have to be repaid within 12 months of vacating the house. However, if there is a spouse at home, then sometimes a reverse mortgage can be helpful to that spouse to pay the bills, go on vacation, etc. I have a section on reverse mortgages in my book, "How to Protect Your Family's Assets from Devastating Nursing Home Costs: Medicaid Secrets" (www.MedicaidSecrets.com), in which I also discuss a new technique called a reverse private mortgage. coolworks - coolworks features seasonal and part-time "jobs in great places". coolworks even has a job page called older &amp; bolder, targeted at retirees or soon-to-be retirees, where you'll find a variety of part-time and seasonal posts. details  here information is below. Hi, Really hard to work this out from your query but I suspect the answer would be a correlated sub query to find the latest appointment date.



https://www.geeksforgeeks.org/sql-correlated-subqueries/