accounting

Project Description:

apachi company ended its fiscal year on july 31, 2010. the company's adjusted trial balance as of the end of its fiscal year is as shown below.




apachi company



adjusted trial balance



july 31, 2010



no.

account titles

debits

credits



101

cash

$14,840





112

accounts receivable

8,780





157

equipment

15,900





167

accumulated depreciation



$7,400



201

accounts payable



4,220



208

unearned rent revenue



1,800



301

b. j. apachi, capital



45,200



306

b. j. apachi, drawing

16,000





404

commission revenue



65,000



429

rent revenue



6,500



711

depreciation expense

4,000





720

salaries expense

55,700





732

utilities expense

14,900









$130,120

$130,120


instructions

(a) prepare the closing entries. (for multiple debit/credit entries, list amounts from largest to smallest eg 10, 5, 3, 2.)





general journal
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Price Type: Negotiable

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