Date | Description | Debit | Credit |
Dec. 31 | Fees earned | $614,500 | - |
Wages expense | - | $320,000 | |
Rent expense | - | $140,000 | |
Supplies expense | - | $18,200 | |
Miscellaneous expense | - | $8,700 | |
Retained earnings | - | $127,600 | |
Dec. 31 | Retained earnings | $45,000 | - |
Dividend | - | $45,000 |
help me answer please Instructions Automation Services Co. offers its services to companies desiring to use...
please help me answer this question Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: $604,560 15,600 523,800 Fees Earned Dividends Rent Expense Retained Earnings Supplies Expense Wages Expense Miscellaneous Expense 474,000 72,000 10,960 14.000 Journalize the closing entries required to close the accounts. Refer to the Chart of...
Closing Entries with Net Income Automation Services Co. offers its services to companies desiring to use technology to improve their operations. After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Automation Services: Fees Earned $614,500 Dividends 45,000 Rent Expense 140,000 Retained Earnings 3,250,000 Supplies Expense 18,200 Wages Expense 320,000 Miscellaneous Expense 8,700 Journalize the closing entries. If an amount box does not require an entry,...
Rainbow Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services: Journalize the four entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles. Instructions Chart of Accounts General Ledger Rainbow Services Co. offers its services to individuals desiring to improve their personal...
Instructions Rainbow Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services: Retained Earnings $922,000 15,600 Dividends 525,600 Fees Earned Wages Expense 483,600 Rent Expense Supplies Expense 71,500 10,960 14,250 Miscellaneous Expense Journalize the four entries required to close the accounts. Refer to the Chart of Accounts for exact wording of...
Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: Fees Earned $221,000 Dividends 30,000 Rent Expense 46,100 Retained Earnings 490,000 Supplies Expense 11,300 Wages Expense 193,600 Miscellaneous Expense 5,400 Dividends Fees Earned Supplies Expense Rent Expense Wages Expense Journalize the closing entries required to...
Closing Entries with Net Loss Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Stylist Services Co.: Marlena Fenton, Capital $410,000 Marlena Fenton, Drawing 25,000 Fees Earned 185,000 Wages Expense 162,000 Rent Expense 38,500 9,400 Supplies Expense Miscellaneous Expense 4,500 Journalize the two entries required to close the accounts. For a...
Instructions Chart of Accounts Journal Instructions Х 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....
Closing Entries with Net Loss Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Summit Services: Fees Eamed $175,000 Dividends 24,000 Rent Expense 36.700 Retained Earnings 390,000 Supplies Expense 9,000 Wages Expense 154,100 Miscellaneous Expense 4,300 Journalize the closing entries required to close the accounts. If an amount box does not...
Rainbow Services Co. offers its services to individuals desiting to improve their personal images. After the accounts have been adjusted at August 31, the end of the local year, the following balances were taken from the ledger of Rainbow Services Retained Earnings Dividends Fees Eamed Wages Expense $914,000 16,400 522,000 485.200 70,000 11.040 14.750 Rent Expense Supplies Expense Miscellaneous Expense Joumalize the four entries required to close the accounts. Refer to the Chart of Accounts for exact wording of accounties
Rainbow Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at August 31, the end of the fiscal year, the following balances were taken from the ledger of Rainbow Services Co. Retained Earnings $630,000 Dividends 39,000 Fees Earned 284,000 Wages Expense 248,900 Rent Expense 59,200 Supplies Expense 14,500 Miscellaneous Expense 6,900 Journalize the four entries required to close the accounts. If an amount box does not require an entry, leave...