American Chip Corporation's fiscal year-end is December 31. The following is a partial adjusted trial balance as
Question:
American Chip Corporation's fiscal year-end is December 31. The following is a partial adjusted trial balance as of December 31, 2018.
Required:
Prepare the necessary closing entries at December 31, 2018.
Transcribed Image Text:
Account Title Besits Credits 80,000 750,000 Retained earnings Sales revenue Interest revenue Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Insurance expense 420,000 100,000 15,000 30,000 5,000 6,000
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December 31 2018 Sales revenue 750000 Interest revenue 3000 Income s...View the full answer
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I HAVE ELECTRONICS ENGINEERING DEGREE..AND MY AREA OF INTEREST IS MATHEMATICS,CONTROL SYSTEM,NETWORK,DIGITAL
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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