1. Using the following Trial Balance, close temporary accounts and create a new post- closing trial...

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1. Using the following Trial Balance, close temporary accounts and create a new post- closing trial balance 2. Use the following template to create a Post-Closing Trial Balance for Jacob's Real Estate Services 3. Use the following template to create journal entries for each closing entry. Be sure to separate each entry with a space Jacob's Real-estate Service Trial Balance April 30th, 2018 Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation $2,000 Accounts Payable 5,000 Capital 8,000 Withdrawals Revenue 14000 Rent Expense Salaries Expense Depreciation Expense Total $29,000 Debit $12,000 2,000 3,000 8,000 500 1,000 00 2,000 $29.000 1. Using the following Trial Balance, close temporary accounts and create a new post- closing trial balance 2. Use the following template to create a Post-Closing Trial Balance for Jacob's Real Estate Services 3. Use the following template to create journal entries for each closing entry. Be sure to separate each entry with a space Jacob's Real-estate Service Trial Balance April 30th, 2018 Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation $2,000 Accounts Payable 5,000 Capital 8,000 Withdrawals Revenue 14000 Rent Expense Salaries Expense Depreciation Expense Total $29,000 Debit $12,000 2,000 3,000 8,000 500 1,000 00 2,000 $29.000

Answer rating: 100% (QA)

The temporary accounts are the nonpermanent accounts which are used ... View the full answer