On December 31, 2016, the ledger of Hernandez Company contained the following account balances: All the accounts
Question:
On December 31, 2016, the ledger of Hernandez Company contained the following account balances:
All the accounts have normal balances. Journalize the closing entries. Use 4 as the general journal pagenumber.
Transcribed Image Text:
Cash Accounts Receivable Supplies Equipment Accumulated Depreciuation Accounts Payable Maria Hernandez, Capital $33,000 Maria Hernandez, Drawing 2,900 Fees Income 2,100 Depreciation Expense 26,000 Salaries Expense 2,500 Supplies Expense 3,000 Telephone Expense 48,250 Uhilities Expense S26,000 53,750 2,750 17,000 3,000 2,600 4,650
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GENERAL JOURNAL PAGE 4 POST DATE DESCRIPTION REF DEBIT CREDIT Closing Entries 2016 Dec 31 F...View the full answer
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Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
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