Accounting question -- Closing Owner's Capital?

Accounting question -- Closing Owner's Capital?

After closing entries are posted, the balance in the owner's capital account in the ledger will be equal to: a) the beginning owner's capital reported on the owner's equity statement. b) The amount of the owner's capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

 

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Accounting question -- Closing Owner's Capital?

After closing entries are posted, the balance in the owner's capital account in the ledger will be equal to: a) the beginning owner's capital reported on the owner's equity statement. b) The amount of the owner's capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

 

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Accounting question -- Closing Owner's Capital?

After closing entries are posted, the balance in the owner's capital account in the ledger will be equal to: a) the beginning owner's capital reported on the owner's equity statement. b) The amount of the owner's capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

 

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I heard of Homeowners insurance being called...?

fire insurance and hazard insurance. are they the same?? or how are they different?

 

 

Got my first speeding ticket. How much will my insurance go up?

I was on my way to work and I got clocked at 65 mph in a 50 mph zone. I haven't told my parents and I am scared for when they find out. It's my first speeding ticket and even the first time I had ever been pulled over. The ticket was for $103.33. I paid for it and it is all taken care of I think. I was driving my mom's new car. My brother has had a lot of traffic tickets on the same insurance too, but not the same car. So how much do you think the insurance is going to go up? Or do you think it is going to go up at all?

 

 

What percentage of your net income should you spend on all your bills including mortgage, car, insurance, etc.

Live in New York, just about to buy a house and am wondering what other people are spending on all their bills as compared to their salary. I'm figuring about 55%-60% of my net ...show more

 

 

I have a ??? about car insurance?

hey last saturday i wrecked my car...totaled. well i still owe about 3000 left on it so of course i had full coverage ins on it will ins company give you retail value or trade in value it was a 2000 stratus and i had about 109000 miles on it and have had a lot of work done on it i did have a cracked winshield that was not cause of the wreck about how much money am i looking at???

 

 

I need help!!!! where can i find health coverage?

Every day I suffer from pain. I have a wife and kids to support and an autistic son, so my wife cannot work, that way she can give him the care he needs. Medi-cal sent me a rejection. I can't get insurance because they all say they won't cover me for a pre-existing condition. I tried applying for the states pre existing healthcare program, they said I couldn't get coverage because my birth certificate has a different name than I have now. Hey......I have no control over the decisions mom made. I need help.!!! I struggle every single day and minute with this pain. I have a doctor that I pay cash to see, every time I go he gives me heck about writing a pain med. Script. Talks down to me really. He only gives a little bit, and its hard to find a cash doctor at all who would even offer these at all because of the people who abuse it. I'm at wits end, I'm ou of options if anybody knows of a program in California or anything federal that can help a white male, in the 30's, self employed, with a debilitating condition, make too much to be a bum, not enough to afford paying my own way through medical procedures, PLEASE HELP ME!!!!

 

 

Is canadian car insurance valid in the US?

if I want to rent a car in the us will I have to purchase the rental car company's insurance?

 

 

Car Insurance in UK for a driver new to UK?

I have over 10 years of driving experience, but all my experience is in India. I have recently got the driving license in UK. I want to buy a Car here, but just can not afford the insurance. The insurance companies do not take my over 10 years of driving experiance into consideration and are equating me to a new driver. Is there any insurance company who would consider my driving experience and provide a better quote?

 

 

Teen Insurance?

I was wondering how much the cost would be for teen insurance for one of the 3 following cars, an '07 Scion tC an '03 Nissan Altima or an '02 Honda Civic LX

 

 

Need cheap no-name insurance companies for motorcycle insurance?

Well, i live in Florida where motorcycle insurance is not required at all. But I need comprehensive insurance at least (and maybe liability too) so that I wont have to cry over a stolen bike after a week of purchase. I'm buying this bike in cash (2008 ninja 250R) and still big insurance companies like progressive and geico will charge me a thousand bucks a year for liability and comprehensive coverages alone. So, I need to know the names of some small insurance companies who wont use their big and flashy names to jack up their prices. please help. I dont wanna pay 1000 bucks a year for a 3500 dollar bike. Thanks.

 

 

My friend and I got tickets for rolling right thru a stop sign. Will insurance go up even if we dont get a pt?

So, a line of cars got tickets for 'rolling right through a stop sign'. We are considering just paying the fine and taking traffic school, so then we wont get a pt on our licenses. But will the ticket still count toward raising insurance rates if we dont get the point? What do we do if we take the traffic school thing online? Do we need to take the certificate anywhere when we pass? We live in California.

 

 

How does my health insurance deductible going up to $6,000 from $2,500 make it more affordable ?

For me? Can anyone tell me?

 

 

What would be an estimate for auto insurance on a 16 year old male living in California?

I recently got my license and am looking at auto insurances. Can someone find me a quote (or at least give me an idea) for a 16 year old male living in California. The vehicle would be a 2WD 1985 Corvette. I also have a clean record if that helps at all. Thanks!

 

 

What health insurance will cover people with diabetes?

I have type 1 diabetes and i need affordable health insurance so if you have any inforomation I highly appericate it

 

 

I need help trying to get the cheapest car insurance.?

Im 18 years old i past my driving test in September but can afford insurance, the lowest quote ive been given is 3000 pounds which is outrageous. Is there any way i could find cheap insurance and what would be the car to help too !!! :) Thanks !!!

 

 

Why are all my insurance quotes so high?

Ok, I'm 17, passed my test in june. been getting quotes on comparison sites for a 1 litre vauxhall corsa (1995) and the lowest quote is 4980 a year. I have triple checked each and every question it asks me and they are all correct and good. i am not insured on anything else, no no claims bonus etc. im a college student so how the hell do they expect me to pay almost 5000.. they are ridiculous to even set these prices thinking someone is going to use them. please any responses as to why my quotes are so high? tyvm

 

Accounting question -- Closing Owner's Capital?

After closing entries are posted, the balance in the owner's capital account in the ledger will be equal to: a) the beginning owner's capital reported on the owner's equity statement. b) The amount of the owner's capital reported on the balance sheet. c) zero. d) the net income for the period. Any help with an explanation is appreciated! I do select a best answer, so please answer seriously.

https://www.linkedin.com/pulse/cooper-landing-alaska-cheap-car-insurance-quotes-zip-99572-porter/