Answer
Date |
Accounts title |
Debit |
Credit |
30-Jun |
Service Revenue |
$4,300 |
|
Income Summary |
$4,300 |
||
(to close revenue account) |
|||
30-Jun |
Income Summary |
$3,500 |
|
Salaries & Wages expense |
$1,344 |
||
Miscellaneous expense |
$256 |
||
Supplies expense |
$1,900 |
||
(to close expense account) |
|||
30-Jun |
Income Summary |
$800 |
|
Retained earnings |
$800 |
||
(to close net income) |
|||
30-Jun |
Retained earnings |
$628 |
|
Dividends |
$628 |
||
(to close dividend) |
Accounts |
Debit |
Credit |
Cash |
$3,712 |
|
Accounts receivables |
$3,904 |
|
Supplies |
$480 |
|
Accounts Payable |
$1,556 |
|
Unearned Service Revenue |
$160 |
|
Salaries & Wages Payable |
$448 |
|
Common Stock |
$4,000 |
|
Retained earnings ($1760 + 800 - 628) |
$1,932 |
|
Total |
$8,096 |
$8,096 |
thank you Kay Magill Company had the following adjusted trial balance. Kay Magill Company Adjusted Trial...
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prepare a post closing trial balance Question 2 Cullumber Company had the following adjusted trial balance. Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,570 Accounts Receivable 3,950 Supplies 600 Accounts Payable $1,500 Unearned Service Revenue Owner's Capital 4,710 Owner's Drawings Service Revenue 5,600 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 520 $12,500 O DO 170 N O $ U J.UU ) Prepare...
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Concord Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,670 Accounts Receivable 3,780 Supplies 520 Accounts Payable $1,500 Unearned Service Revenue 140 Common Stock 3,340 Retained Earnings 2,000 Dividends 800 Service Revenue 5,100 Salaries and Wages Expense 1,300 Miscellaneous Expense 310 Supplies Expense 2,200 Salaries and Wages Payable 500 $12,580 $12,580 Prepare a post-closing trial balance, Concord Company Post-Closing Trial Balance For the Month Ended June 30, 2022 Debit...
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prepare closing entries balance. (LO 2,3) LANZA COMPANY, SA Adjusted Trial Balance For the Month Ended June 30, 2017 Adjusted Trial Balance Account Titles Debit Credit Cash R$ 3,712 Accounts Receivable 2,904 Supplies 480 Accounts Payable R$ 1,056 Unearned Service Revenue Share Capital-Ordinary 3,000 Retained Earnings 1,360 Dividends 300 Service Revenue 4,300 Salaries and Wages Expense 1,344 Miscellaneous Expense 180 1,200 Supplies Expense 244 Salaries and Wages Payable R$ 10,120 R$10,120 160
Exercise 4-07 a-b (Video) Pronghorn Company had the following adjusted trial balance. Pronghorn Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,790 Accounts Receivable 3,800 Supplies 530 Accounts Payable $1,900 Unearned Service Revenue 170 Common Stock 4,100 Retained Earnings 760 Dividends 410 Service Revenue 4,750 Salaries and Wages Expense 1,200 Miscellaneous Expense 240 Supplies Expense 2,150 Salaries and Wages Payable 440 $12,120 $12,120 Prepare closing entries at June 30, 2020. (Credit account titles...
Question 2 Cullumber Company had the following adjusted trial balance. $3,570 Cullumber Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable 3,950 Supplies 600 Accounts Payable $1,500 Unearned Service Revenue 170 Owner's Capital 4,710 Owner's Drawings Service Revenue 5,600 Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 520 500 $12,500 $12,500 SOURCES Prepare closing entries at June 30, 2020. (Credit account titles are automatically...