3. Using the following trial balance, prepare closing entries: 12 points (3 points per closing entry)...

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3. Using the following trial balance, prepare closing entries: 12 points (3 points per closing entry) $ 6,400 10.200 46,500 3

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Answer 1

Answer #1

All the closing entries are given below:

A в Credit Debit $169,200 1 Date Accounts 12/31 Service revenue Income summary (To close out revenues) $169,200 $141.850 12/3

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Answer 2

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3. Using the following trial balance, prepare closing entries: 12 points (3 points per closing entry)...

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