The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $...

Question

Question

The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,280 2,500 2,800 3,500 14,5

Journal entry worksheet < 2. Record the closing entry for revenues and expenses. Note: Enter debits before credits. General J

Journal entry worksheet < 1 2 Record the closing entry for dividends. Note: Enter debits before credits. Date General Journal

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Debit Credit Si.No. 1 $46,530 $ 350 Date General Journal Dec.31 Sales Revenue Rent revenue Salaries and Wages Expense Depreci

Add a comment

Answer 2

Similar Homework Help Questions

The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $...

The Sky Blue Corporation has the following adjusted trial balance at December 31 Credit Debit $ 1,350 3,200 3,500 4,200 18,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long- term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Unearned Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense $ 5,000 6,620 1,600 4,100 840 3,600 1,480 420 52,830 420 24,000...
The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $...

The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,320 2,900 3,200 3,900 16,500 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total $ 4,400 6,320 1,450 3,800 780 3,300 1,360 390 50,130 390 23,400...
Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as...

Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Credit Debit $ 10,000 29,000 20,000 Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals $ 1,000 10,000 30,000 7,000 2,000 56,000 18,000 11,000 8,000 6,000 $104,000 $104,000 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select...

Laker Incorporated’s fiscal year-end is December 31, 2021. The following is an adjusted trial balance as...

Laker Incorporated’s fiscal year-end is December 31, 2021. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash $ 11,700 Supplies 37,500 Prepaid Rent 28,500 Accounts Payable $ 2,700 Notes Payable 27,000 Common Stock 38,500 Retained Earnings 8,700 Dividends 3,700 Service Revenue 54,300 Salaries Expense 19,700 Advertising Expense 12,700 Rent Expense 9,700 Utilities Expense 7,700 Totals $ 131,200 $ 131,200 note: "income" is not an option for journal entries Journal entry worksheet < 1...
The adjusted trial balance for China Tea Company at December 31, 2021 is presented below: Credit...

The adjusted trial balance for China Tea Company at December 31, 2021 is presented below: Credit Debit $19,000 154,000 6,000 26,000 310,000 Accounts Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable - due in two years Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense Depreciation expense Interest expense Utilities expense Totals $ 128,000 17,000 3,700 1,900 27,000 180,000 97,100 26,000 440,000 186,000 79,000 15,000 32,000 2,700...
Required information [The following information applies to the questions displayed below.) The Sky Blue Corporation has...

Required information [The following information applies to the questions displayed below.) The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,310 2,800 3,100 3,800 16,000 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total $...

ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments...

ipped Book THE KING GROUP Worksheet Month Ended December 31, 20x1 Adjusted Trial Trial Balance Adjustments Balance Income Statement Balance Sheet Dabit Credit Debit Credit Debit Credit Debit Credit Debit Credit 93,200 93,200 93,200 12,800 12,800 12,800 7,600 (a) 3,200 4.400 4.400 30,400 (b) 3,800 26,600 26,600 80,000 80,000 80,000 (0) 3.200 3.200 3,200 12,800 12,800 12.000 140,000 140,000 140,000 9,200 9,200 9.200 97,800 97,800 97.800 (a) 3,200 3,200 3.200 (b) 3,800 3,800 3,800 (c) 3,200 3,200 3,200 15,200 15,200...
The year-end adjusted trial balance of Aggles Corporation Included the following account balances: Retained Earnings, $222,000;...

The year-end adjusted trial balance of Aggles Corporation Included the following account balances: Retained Earnings, $222,000; Service Revenue, $860,000; Salarles Expense, $382,000; Rent Expense, $142,000; Interest Expense, $77,000; and Dividends, $52,000. Record the necessary closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet < 1 2 3 > Record the entry to close revenue accounts. Note: Enter debits before credits. Date December 31...
The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000...

The adjusted trial balance for Tybalt Construction as of December 31, 2019, follows. Credit $ 20,000 59,000 208 Reiterest bayable TYBALT CONSTRUCTION Adjusted Trial Balance December 31, 2019 No. Account Title Debit 101 Cash $ 7,500 104 Short-term investments 22,500 126 Supplies 8,700 128 Prepaid insurance 7,300 167 Equipment 40,000 168 Accumulated depreciation-Equipment 173 Building 177,000 174 Accumulated depreciation-Building 183 Land 56,720 201 Accounts payable 203 Interest payable 208 Rent payable 210 Wages payable 213 Property taxes payable 233 Unearned...

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of...

The following adjusted trial balance contains the accounts and year-end balances of Cruz Company as of December 31. No Account Title 101 Cash 126 Supplies 128 Prepaid insurance 167 Equipment 168 Accumulated depreciation Equipment 307 Common stock 318 Retained earnings 319 Dividends 404 Services revenue 612 Depreciation expense-Equipment 622 Salaries expense 637 Insurance expense 640 Rent expense 652 Supplies expense Totals Debit Credit $19, eee 13, eee 3,000 24,000 $ 7,5ee 10, eee 37,600 7,eee 44,00 3,000 22,000 2,500 3,400...

The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $...

Homework Answers