Based on the data in Exercise 4-25, prepare the two closing entries for Alert Security Services Co.
Question:
Based on the data in Exercise 4-25, prepare the two closing entries for Alert Security Services Co.
Data from Exercise 4-25,
Alert Security Services Co. offers security services to business clients. Complete the following end-of-period spreadsheet for Alert Security Services Co.:
Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 20Y7 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr. Cr. Cr. Dr. Dr. Cr. Cash 12 Accounts Receivable 103 Supplies 4 Prepaid Insurance Land 2 190 Equipment Accumulated Depreciation Accounts Payable Wages Payable Brenda Schultz, Capital Brenda Schultz, Drawing Fees Earned 50 7 36 1 260 213 Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreclation Expense Miscellaneous Expense 111 12 10 6 4 3 2 517 517 Co
Step by Step Answer:
ANSWER The following two closing entries for Alert Security ...View the full answer
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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