Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of...
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Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances Assume the year ended on September 30, 2021 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-tere) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Mages Expense Service Revenue Supplies Supplies Expense Travel Expense 5.609 309 909 309 209 209 309 3,209 309 109 209 509 109 409 1,509 2,209 6,227 509 209 2,609 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances Assume the year ended on September 30, 2021 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-tere) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Mages Expense Service Revenue Supplies Supplies Expense Travel Expense 5.609 309 909 309 209 209 309 3,209 309 109 209 509 109 409 1,509 2,209 6,227 509 209 2,609 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances Assume the year ended on September 30, 2021 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-tere) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Mages Expense Service Revenue Supplies Supplies Expense Travel Expense 5.609 309 909 309 209 209 309 3,209 309 109 209 509 109 409 1,509 2,209 6,227 509 209 2,609 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances Assume the year ended on September 30, 2021 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-tere) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Mages Expense Service Revenue Supplies Supplies Expense Travel Expense 5.609 309 909 309 209 209 309 3,209 309 109 209 509 109 409 1,509 2,209 6,227 509 209 2,609 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
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Answer rating: 100% (QA)
Account Debit Credit Service Revenue 6227 Salaries and Wages Expense 2209 Depreciation E... View the full answer
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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