Refer to the data for Rijo Equipment Repair Corp. in P4.9B. Assume that Rijo closes its books

Question:

Refer to the data for Rijo Equipment Repair Corp. in P4.9B. Assume that Rijo closes its books monthly.

Instructions
(a) Prepare the closing journal entries.
(b) Post the closing entries to the T accounts prepared in P4.9B.
(c) Prepare a post-closing trial balance at September 30.

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Financial Accounting Tools for Business Decision Making

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7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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Question Posted: Jun 15, 2017 09:05 AM

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Refer to the data for Rijo Equipment Repair Corp. in P4.9B. Assume that Rijo closes its books

Question:

DebitCredit Cash Accounts receivable Supplies Equipment Accumulated depreciation--equipment Accounts payable Salaries payable Unearned revenue Common shares Retained earnings $9,760 7,440 1,600 $30,000 $3,000 6.200 1,400 800 20,000 17.400 $48,800 $48,80o

Step by Step Answer:

a 2018 Sept 30 Service Revenue 11800 Income Summary 11800 30 Income Summary 9250 Salaries Expense 4600 Supplies Expense 2800 Rent Expense 1000 Depreci...View the full answer

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