Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. needing help with accounting homework. ..

Needing help with accounting homework. ...

70.2K

Verified Solution

Question

Accounting

Needing help with accounting homework.

image

image

Identify each classification of accounts and identify the normal balance for each. 2. Identify and explain each classification. Explain each of the following statements: (Including what the three line heading will consist of for each.) 3. Trial Balance- Income Statement- Statement of Owners Equity- Balance Sheet- 4. Identify and explain the four closing entries. 5. Explain what the account Accumulated Depreciation is, the normal balance, and how it is presented on the Balance Sheet. 6. Why would the bank balance be different than the ledger balance? Explain at least four reasons. 7. What taxes do employees pay on payroll? (List all) 8. What types of deductions are made out of employee's checks? (List at least four) 9. Explain what a controling account is? Hint: A/P and A/R 10. What type of account is unearned revenue and what is it used for? Including classification and normal balance

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The pH of blood is maintained by a buffering system, consisting predominately by hydrogen carbonate ions, HCO3-,...

Biology
Q

Briefly explain how the eye focuses light on the retina

Medical Sciences
Q

Heat equation: Arbitrary temperatures at ends. If the ends x = 0 and x = L...

Physics
Q

A helical compression spring is wound using 1 mm-diameter music wire. The outside coil diameter of...

Mechanical Engineering
Q

Design a synchronous up down counter with the following binary sequence 1, 2, 4,5,7 using J-K...

Electrical Engineering
Q

a. What is N-S equations for incompressible flows in cartesian coordinates in long form (in x,y,z...

Mechanical Engineering
Q

The manufacturer of a fertilizer guarantees that, with the aid of the fertilizer, 70% of...

Basic Math
Q

In one common system for finding a grade point average or GPA A 4 B...

Statistics
Q

Itranscript Suppose the average yearly salary of an individual whose final degree is a master...

Algebra
Q

a company uses a periodic inventory system. on august 1, the company had 6 items...

Accounting
Q

Understanding Relationships, Master Budget, Comprehensive Review Optima Company is a high-technology organization that produces a...

Accounting
Q

A company must repay the bank a single payment of $34,000 cash in 5 years...

Accounting