Kenny Jeong
Results
2
issues of
Kenny Jeong
1) Gross receipts or sales (Direct Incomes) 2) Less: Cost of Goods Sold *Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory *Beginning Inventory (Dr.) *Purchases (Dr.)...
A) Assets: 1) Normal asset account balance is Dr., but normal balance for Accumulated Depreciation under Fixed Assets is Cr. 2) Net Profit or loss is not an asset item....