Craig's Car Detailing Service had the following accounts and acount balances in the adjusted trial balance columns
Question:
Craig's Car Detailing Service had the following accounts and acount balances in the adjusted trial balance columns of its workshet for the year ended 30 June 2017.
Required
Record the required closing entries for Craig’s Car Detailing Service.
Craig Fraser, Capital Craig Fraser, Drawings Service Fees Revenue Interest Revenue Salaries Expense $ 44500 25 000 124 600 5750 68 560 Rent Expense Advertising Expense Depreciation Expense Sundry Expenses $17980 12 100 15680 6240
Step by Step Answer:
The following closing entries are required for Craigs Car Detailing Service Close Revenue accounts t...View the full answer
Financial Accounting
ISBN: 9781118608203
9th Edition
Authors: John Hoggett, Lew Edwards, John Medlin, Keryn Chalmers, Jodie Maxfield, Andreas Hellmann, Claire Beattie
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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