The following information is available for J. Adam Company before closing the accounts. What will be the amount in the Income Summary account that should be closed to Adam, Capital? J. Adam, Capital 114,000
J. Adam, Withdrawals 30,000
Fees earned 209,000
Depreciation Expense—Equipment 16,000
Wages expense 83,400
Interest expense 5,300
Insurance expense 14,700
Rent expense 20,200

i have no clue at all sorry

step-by-step explanation:

this is a direct variation proportion. y = kx

y is the total amount due, k is the constant of variation, and x is the number of texts sent.

plug in the 3.20 and the 16 to solve for the "k". this is the constant of proportionality. it is the value that will not change.

3.20 = k(16). solving you get $.20 per text.

the equation would then be y = .20x