The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000, Dividends $1,500, Service Revenue $51,500, Salaries and Wages Expense $26,500, and Supplies Expense $6,500.
The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000, Dividends $1,500, Service Revenue $51,500, Salaries and Wages Expense $26,500, and Supplies Expense $6,500.
The closing entries are as follows:
| (1) | Close revenue accounts. | |
| (2) | Close expense accounts. | |
| (3) | Close net income/(loss). | |
| (4) | Close dividends. |
Enter the balances in T-accounts, and post the closing entries.
Homework Answers
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The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000, Dividends $1,500, Service Revenue $51,500, Salaries and Wages Expense $26,500, and Supplies Expense $6,500.
Question 2 of 14 -/1 = View Policies Current Attempt in Progress The ledger of Bridgeport...
Question 2 of 14 -/1 = View Policies Current Attempt in Progress The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000, Dividends $1.500, Service Revenue $51,500, Salaries and Wages Expense $26,500, and Supplies Expense $6,500. The dosing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Enter the balances in the T-accounts, post the dosing entries in the order presented in the problem and use the numbers...
The ledger of Flounder Company contains the following balances: Retained Earnings $30,500; Dividends $2,000; Service Revenue...
The ledger of Flounder Company contains the following balances:
Retained Earnings $30,500; Dividends $2,000; Service Revenue
$48,000; Salaries and Wages Expense $26,000; and Supplies Expense
$7,500. The closing entries are as follows: (1) Close revenue
accounts. (2) Close expense accounts. (3) Close net income/(loss).
(4) Close dividends. Enter the balances in the T-accounts, post the
closing entries in the order presented in the problem and use the
numbers as a reference.
Your answer is partially correct. Try again. The ledger...
* The ledger of Blue Spruce Company contains the following balances after adjustments: Retained Earnings $32,000:...
* The ledger of Blue Spruce Company contains the following balances after adjustments: Retained Earnings $32,000: Dividends $1,000; Service Revenue $48,000; Salaries and Wages Expense $27,000; and Supplies Expense $8,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) The ledger of Riverbed Company contains the following balances: Retained Earnings $29,000; Dividends $2.500; Service Revenue $51,500; Salaries and Wages Expense $28,500; and Supplies Expense $7,000. The closing entries...
fill in the blanks and show full work The ledger of Bramble Company contains the following...
fill in the blanks and show full work
The ledger of Bramble Company contains the following balances: Retained Earnings $29.000, Dividends $2,000, Service Revenue $51,500, Salaries and Wages Expense $28,500, and Supplies Expense $6,500. The closing entries are as follows: (1) (2) (3) Close revenue accounts. Close expense accounts Close net income/(loss). Close dividends. Enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. Salaries and Wages Expense Ba (2) Supplies Enter the balances in...
The ledger of Grouper Company contains the following balances: Retained Earnings $29,400; Dividends $2,100; Service Revenue...
The ledger of Grouper Company contains the following balances: Retained Earnings $29,400; Dividends $2,100; Service Revenue $50,000; Salaries and Wages Expense $27,500; and Supplies Expense $6,300. Prepare the closing entries at December 31. Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 (To close dividends)
The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue...
The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/ (loss)) Dec. 31 (To close dividends)
CES Brief Exercise 4-5 The ledger of Rios Company contains the following balances: Retained Earnings $31,818; Divid...
CES Brief Exercise 4-5 The ledger of Rios Company contains the following balances: Retained Earnings $31,818; Dividends $2,431; Servic Revenue $48,557; Salaries and Wages Expense $28,792; and Supplies Expense $7,536. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Post the closing entries in the order presented in the problem and use the numbers as a reference. tudy Salaries and Wages Expense Supplies Expense Service Revenue Dividends Income...
The ledger of Riverbed Company contains the following balances
The ledger of Riverbed Company contains the following balances: Retained Earnings $29,000; Dividends $2,500: Service Revenue $51.500, Salaries and Wages Expense $28.500; and Supplies Expense $7,000. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/loss). (4) Close dividends. Enter the balances in the T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference.
Help needed please. The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends...
Help needed please.
The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To dose expense accounts) Dec. 31 (To close net incomel (loss)) Dec. 31 (To close...
Bridgeport Company had the following adjusted trial balance. Bridgeport Company Adjusted Trial Balance For the Month...
Bridgeport Company had the following adjusted trial balance. Bridgeport Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,720 Accounts Receivable 3,720 Supplies 420 Accounts Payable $1,700 Unearned Service Revenue 200 Common Stock 1,120 Retained Earnings 2,500 Dividends 520 Service Revenue 5,700 Salaries and Wages Expense 1,250 Miscellaneous Expense 340 Supplies Expense 1,800 Salaries and Wages Payable 550 $11,770 $11,770 Prepare closing entries at June 30, 2022. (Credit account titles...
Question 2 of 14 -/1 = View Policies Current Attempt in Progress The ledger of Bridgeport Company contains the following balances: Retained Earnings $28,000, Dividends $1.500, Service Revenue $51,500, Salaries and Wages Expense $26,500, and Supplies Expense $6,500. The dosing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Enter the balances in the T-accounts, post the dosing entries in the order presented in the problem and use the numbers...
The ledger of Flounder Company contains the following balances:
Retained Earnings $30,500; Dividends $2,000; Service Revenue
$48,000; Salaries and Wages Expense $26,000; and Supplies Expense
$7,500. The closing entries are as follows: (1) Close revenue
accounts. (2) Close expense accounts. (3) Close net income/(loss).
(4) Close dividends. Enter the balances in the T-accounts, post the
closing entries in the order presented in the problem and use the
numbers as a reference.
Your answer is partially correct. Try again. The ledger...
* The ledger of Blue Spruce Company contains the following balances after adjustments: Retained Earnings $32,000: Dividends $1,000; Service Revenue $48,000; Salaries and Wages Expense $27,000; and Supplies Expense $8,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) The ledger of Riverbed Company contains the following balances: Retained Earnings $29,000; Dividends $2.500; Service Revenue $51,500; Salaries and Wages Expense $28,500; and Supplies Expense $7,000. The closing entries...
fill in the blanks and show full work
The ledger of Bramble Company contains the following balances: Retained Earnings $29.000, Dividends $2,000, Service Revenue $51,500, Salaries and Wages Expense $28,500, and Supplies Expense $6,500. The closing entries are as follows: (1) (2) (3) Close revenue accounts. Close expense accounts Close net income/(loss). Close dividends. Enter the balances in T-accounts, post the closing entries, and underline and balance the accounts. Salaries and Wages Expense Ba (2) Supplies Enter the balances in...
CES Brief Exercise 4-5 The ledger of Rios Company contains the following balances: Retained Earnings $31,818; Dividends $2,431; Servic Revenue $48,557; Salaries and Wages Expense $28,792; and Supplies Expense $7,536. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close dividends. Post the closing entries in the order presented in the problem and use the numbers as a reference. tudy Salaries and Wages Expense Supplies Expense Service Revenue Dividends Income...
The ledger of Riverbed Company contains the following balances: Retained Earnings $29,000; Dividends $2,500: Service Revenue $51.500, Salaries and Wages Expense $28.500; and Supplies Expense $7,000. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/loss). (4) Close dividends. Enter the balances in the T-accounts, post the closing entries in the order presented in the problem and use the numbers as a reference.
Help needed please.
The ledger of Rios Company contains the following balances: Retained Earnings $30,000; Dividends $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To dose expense accounts) Dec. 31 (To close net incomel (loss)) Dec. 31 (To close...
Bridgeport Company had the following adjusted trial balance. Bridgeport Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,720 Accounts Receivable 3,720 Supplies 420 Accounts Payable $1,700 Unearned Service Revenue 200 Common Stock 1,120 Retained Earnings 2,500 Dividends 520 Service Revenue 5,700 Salaries and Wages Expense 1,250 Miscellaneous Expense 340 Supplies Expense 1,800 Salaries and Wages Payable 550 $11,770 $11,770 Prepare closing entries at June 30, 2022. (Credit account titles...
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