Prepare the second closing entry to close the expense accounts to Income Summary. Cash Accounts Receivable...
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Prepare the second closing entry to close the expense accounts to Income Summary. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense Total 15,900 7,650 7,300 49,700 15,200 4,000 7,500 5,300 112,550 9,400 4,210 1,750 22,300 24,100 43,490 7,300 112,550 Prepare the second closing entry to close the expense accounts to Income Summary. Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Deferred Rent Revenue Capital Stock Retained Earnings Dividends Commission Revenue Rent Revenue Depreciation Expense Utilities Expense Supplies Expense Total 15,900 7,650 7,300 49,700 15,200 4,000 7,500 5,300 112,550 9,400 4,210 1,750 22,300 24,100 43,490 7,300 112,550
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
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