Harrisons dog walking service company | ||||
Journal entries | ||||
Date | Account | Debit | Credit | Calculation |
31-Jan | Fees Earned | $ 124,600 | ||
Wages Expense | $ 29,000 | |||
Rent Expense | $ 43,000 | |||
Supplies Expense | $ 7,300 | |||
Miscellaneous Expense | $ 5,700 | |||
Harrison Taylor, Capital | $ 39,600 | =124,600-29,000-43,000-7,300-5,700 | ||
31-Jan | Harrison Taylor, Capital | $ 6,000 | ||
Harrison Taylor, Drawing | $ 6,000 | |||
after the accounts have been adjusted at January 31st, the end of the year the following...
After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $349,000 Harrison Taylor, Drawing 6,000 Fees Earned 124,600 Wages Expense 29,000 Rent Expense 43,000 Supplies Expense 7,300 Miscellaneous Expense 5,700 Required: Journalize the entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. Can anyone please help solve this.
Calculator After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $353,330 Harrison Taylor, Drawing 12,080 Fees Earned 136,640 Wages Expense 44,270 Rent Expense 15,990 Supplies Expense 14,150 Miscellaneous Expense 1,730 pournalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan. 31 Fees Earned Wages Expense Rent Expense...
After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Harrison Taylor, Capital $352,150 Harrison Taylor, Drawing 14,640 Fees Earned 120,020 Wages Expense 41,510 Rent Expense 14,780 Supplies Expense 14,010 Miscellaneous Expense 1,900 Required: Journalize the entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles.
After the accounts have been adjusted at January 31, the end of the fiscal year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company: Retained Earnings $354,030 Dividends 6,060 Fees Eamed 124,010 Wages Expense 47,510 Rent Expense 15,690 Supplies Expense 15,950 Miscellaneous Expense 1,790 < Journalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank Jan. 31 Tees Earned Wages Expense Rent Expense Supplies...
After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the ledger of Harrison's Dog Walking Service Company:Harrison Taylor, Capital$352,290Harrison Taylor, Drawing12,910Fees Earned137,950Wages Expense46,330Rent Expense13,050Supplies Expense14,840Miscellaneous Expense1,130Journalize the entries required to close the accounts. If an amount box does not require an entry, leave it blank.
After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital $3,513,000 Kerry Buckner, Drawing 42,500 Fees Earned 1,324,000 Wages Expense 749,100 Rent Expense 68,800 Supplies Expense 14,600 Miscellaneous Expense 7,350 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Pioneer Delivery Services Co....
journal after the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co. Kerry Buckner, capital. 9,556,300 Kerry Buckner, drawing. 80,000 Fees earned 1,878,400 Wages expense. 1,415,500 Rent expense. 125,000 Supplies Expense 30,000 Miscellaneous expense. 22,100
Instructions After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital Kerry Buckner, Drawing Fees Earned Wages Expenso Rent Expense Supplies Expense Miscellaneous Expense $9,556,300 80,000 1,878,400 1,415,500 125,000 30,600 22,100 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Pioneer Delivery Services...
5 After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances are taken from the ledger of Cabriolet Services Co. $615,850 Terry Lambert, Capital Fees Earned 330,450 Wages Expense 220,000 63,000 Rent Expense Supplies Expense 18,250 Miscellaneous Expense 6,200 Journalize the entries required to close the accounts.
Closing Entries
After the accounts have been adjusted at November 30, the end of
the fiscal year, the following balances were taken from the ledger
of Diamond Landscaping Co.:
Retained Earnings
$2,550,000
Dividends
25,000
Fees Earned
1,150,000
Wages Expense
613,750
Rent Expense
120,000
Supplies Expense
9,150
Miscellaneous Expense
11,000
Journalize the two entries required to close the accounts. If an
amount box does not require an entry, leave it blank.
Closing Entries After the accounts have been adjusted at November...