Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January
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Prepare the closing entries.
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Debit Credit 21,000 Accounts receivable Accumulated depreciation, equipment Cash Depreciation expense, equipment Equipment Interest revenue Rent expense Salaries expense Subscription revenue Trish Norris, capital Trish Norris, withdrawals Unearned subscription revenue Totals 12,000 8,500 1,500 19,000 450 17,500 71,000 45,450 19,400 19,000 147,900 $147,900
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2014 January Closing entries 31 Subscription Revenues Interest Revenue Income Summary To clos...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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