Refer to the data for Rocky Mountain Resort Inc. in P4-12B. Instructions (a) Prepare the closing journal
Question:
Refer to the data for Rocky Mountain Resort Inc. in P4-12B.
Instructions
(a) Prepare the closing journal entries.
(b) Post the closing entries to the T accounts prepared in P4-12B.
(c) Prepare a post-closing trial balance at August 31.
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a Closing Entries 2015 Aug 31 Rent Revenue 553000 Income Summary 553000 31 Income Summary 464960 Salaries Expense 307680 Utilities Expense 78320 Repai...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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