Set up the following T accounts for Jones 's Consulting with the balances provided Prepare closing entries at December 31, 2014, and post them to the accounts Assets Liabilities Dec 31 142,000 51,000 Dec 31 Marcy Jones, Capital Rent Expense 71,800 Dec 31 Dec 31 9,100 Marcy Jones, Withdrawals Salari...

2014 1 Dec 31 2 3 31 31 31 Closing entries Services Revenue Income Summary To close the rev ...

Set up the following T-accounts for Jones's Consulting with the balances provided. Prepare closing entries at December

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Set up the following T-accounts for Jones's Consulting with the balances provided. Prepare closing entries at December 31, 2014, and post them to the accounts.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:45 AM

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Set up the following T-accounts for Jones's Consulting with the balances provided. Prepare closing entries at December

Question:

Assets Liabilities Dec. 31 142,000 51,000 Dec. 31 Marcy Jones, Capital Rent Expense 71,800 Dec. 31 Dec. 31 9,100 Marcy Jones, Withdrawals Salaries Expense Dec. 31 38,000 Dec. 31 27,000 Income Summary Insurance Expense Dec. 31 1,500 Services Revenue Depreciation Expense 103,000 Dec. 31 Dec. 31 8,200

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Fundamental Accounting Principles

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