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What else can I help you with?
How do you do the income summary?
If there is a net income, debit Income Summary. If there is a net loss, then credit it.
What actors and actresses appeared in Warriors of the Net - 1999?
The cast of Warriors of the Net - 1999 includes: Monte Reid as Narrator
When is income summary a net loss?
when net income is zero
When there is a net loss the entry to close income summary is?
Debt Income Summary Credit Retained Earnings.
What is the summary of chapter 7 the young warriors?
read your book from jahrel mckenzie 1c walsh
What is the reaction of the movie thew warriors of the net?
Haha mag isip kayo!
What is the summary of chapter 3 young warriors?
tommy and the other young warriors left the village of Mountain Top o hunt in the forest
What is the journal entry to close the income summary account when there was net income for the period involves?
You debit the income summary (which has a credit balance due to a positive net income) for the same amount that is on the credit side to close it out, and you credit retained earnings for the same amount.
Which account has a balance equal to net income immediately before it is closed?
income summary account.
What is a summary of Young Warriors chapter 1?
Five Maroon boys pass tests of skill and endurance to become warriors in their village. When they go out hunting to celebrate, they suddenly discover that the forest is full of their enemies, the English Redcoats.
How income summary is closed?
The income summary account is closed by transferring its balance to the retained earnings account at the end of an accounting period. If the income summary shows a net income, the amount is credited to retained earnings; if it shows a net loss, the amount is debited to retained earnings. This process effectively resets the income summary account to zero for the next accounting period. Ultimately, it reflects the company's profits or losses in its equity section.
Can you give me a reaction about the movie warriors of the net?
"Warriors of the Net" is an educational animated movie that explains how the internet works in a fun and engaging way. It simplifies complex networking concepts, making it easy to understand for beginners. Overall, it's an entertaining and informative film that can be a useful resource for learning about the internet.
