Question: The Income Statement columns of the work sheet of Cederblom
The Income Statement columns of the work sheet of Cederblom Company for the fiscal year ended December 31 follow. During the year, S. Cederblom withdrew $ 17,000. Journalize the closingentries.
Answer to relevant QuestionsAfter all revenue and expenses have been closed at the end of the fiscal period ended December 31, Income Summary has a debit of $ 45,550 and a credit of $ 36,520. On the same date, D. Mau, Drawing has a debit balance of $ ...The partial work sheet for Ho Consulting for May follows:Required 1. Write the owner’s name on the Capital and Drawing T accounts. 2. Record the account balances in the T accounts for owner’s equity, revenue, and ...The account balances of Miss Beverly’s Tutoring Service as of June 30, the end of the current fiscal year, are as follows:Required 1. Complete the work sheet. Data for the adjustments are as follows: a. Expired or used up ...Indicate whether the following items in a bank reconciliation should be (1) Added to the Cash account balance, (2) Deducted from the Cash account balance, (3) Added to the bank statement balance, (4) Deducted from the bank ...At the end of the day, the cash register tape lists $ 881.40 as total income from services. Cash on hand consists of $ 18.25 in coins, $ 433.60 in currency, $ 100.00 in traveler’s checks, and $ 427.00 in customers’ ...
Post your question