The following is the adjusted trial balance of Inland Home Health, Inc., for December 31, 2016. Requirement
Question:
The following is the adjusted trial balance of Inland Home Health, Inc., for December 31, 2016.
Requirement
Journalize the closing entries at December 31, 2016?
Transcribed Image Text:
Inland Home Health, Ino. Adjusted Trial Balance December 31, 2016 ACCOUNT DEBIT CREDIT $ 7,400 6,500 150 Cash Accounts Receivable Supplies Furniture 5,800 $ 3,070 Accumulated Depreciation, Furniture Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue 34,500 3,500 2,800 1,500 2,100 Common Stock 19,000 7,330 Retained Earnings 13,000 Dividends Service Revenue 71,400 Salaries Expense 27,000 Rent Expense Depreciation Expense, Equipment Depreciation Expense, Furniture Supplies Expense 12,500 2,700 800 350 Total $110,700 $110,700
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Journal DATE ACCOUNTS POST REF Dr Cr Dec 31 Service revenue 71400 Ret...View the full answer
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I have completed my B.Tech in Electrical Engineering in 2013 from Asansol Engineering College. Then I had worked in Durgapur Polytechnic College as a Lecturer in Electrical Engineering department for four years(from July 2014 to July 2018). My primary duty was to give lectures on Electrical Engineering subjects to diploma engineering students. Afterthat I have taken admission in National Institute of Technology, Durgapur for persuing M.Tech(2018-2020) in Electrical Engineering department in 2018 after qualifying G.A.T.E examination. I have also worked as a private tutor to teach mathematics subject for class XI & XII students of C.B.S.E and State Board.
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