im not sure about my selections and numbers that I plugged in, just ignore please
Journal
Date |
Account Title and Explanation |
Debit |
Credit |
Nov 30 | Fee earned | 502,350 | |
Wages expense | 342,000 | ||
Rent expense | 82,100 | ||
Supplies expense | 30,780 | ||
Miscellaneous expense | 10,260 | ||
Retained earnings | 37,210 | ||
(To close revenue and expenditure) | |||
Nov 30 | Retained earnings | 30,000 | |
Dividends | 30,000 | ||
(To close dividends) |
Income statement
Revenues: | ||
Fee earned | 502,350 | |
Expenses: | ||
Wages expense | 342,000 | |
Rent expense | 82,100 | |
Supplies expense | 30,780 | |
Miscellaneous expense | 10,260 | |
Total expenses | -465,000 | |
Net income | $37,210 |
im not sure about my selections and numbers that I plugged in, just ignore please Closing...
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...
Closing Entries After the accounts have been adjusted at May 31, the end of the fiscal year, the following balances were taken from the ledger of Beautifying Landscaping Co.: Retained Earnings $717,750 Dividends 28,000 Fees Earned 644,845 Wages Expense 435,000 Rent Expense 104,400 Supplies Expense 39,150 Miscellaneous Expense 13,050 Calculator Dividends 28,000 Fees Eamed 644,845 Wages Expense 435,000 Rent Expense 104,400 Supplies Expense 39,150 Miscellaneous Expense 13,050 Journalize the two entries required to close the accounts. If an amount box...
Closing Entries After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Nuclear Landscaping Co.: Felix Godwin, Capital $685,260 Felix Godwin, Drawing 39,000 Fees Earned 558,000 Wages Expense 423,000 Rent Expense 101,500 Supplies Expense 38,070 Miscellaneous Expense 12,690 Journalize the two entries required to close the accounts. For a compound transaction, if an amount box does not require an entry, leave it blank. Apr. 30 Apr....
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 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,...
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...
im doing something wrong cant figure out what. please help. thanks! Calculator 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 Do Retained Earnings $350,590 Dividends 5,670 Fees Earned 128,590 Wages Expense 42.250 Rent Expense 15,030 Supplies Expense 14.070 Miscellaneous Expense 1,660 poumalize the two entries required to close the accounts. If an amount box does not require an entry, leave it blank. Jan....
71% 3:46 PM Homework1- Read-only PE 4-4B Closing entries OBJ. 3 After the accounts have been adjusted at April 30, the end of the fiscal year, the follow ing balances were taken from the ledger of Nuclear Landscaping C. Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $643,600 10,500 356,500 283,100 56,000 11,500 13,000 Journalize the two entries required to close the accounts.
71% 3:46 PM Homework1- Read-only PE 4-4B Closing entries OBJ. 3 After the accounts have been adjusted at April 30, the end of the fiscal year, the follow ing balances were taken from the ledger of Nuclear Landscaping C. Felix Godwin, Capital Felix Godwin, Drawing Fees Earned Wages Expense Rent Expense Supplies Expense Miscellaneous Expense $643,600 10,500 356,500 283,100 56,000 11,500 13,000 Journalize the two entries required to close the accounts.
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...