The unadjusted trial balance and income statement amounts from the December 31 adjusted trial balance of Kopec
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Journalize the adjusting and closing entries of Kopec Production Company at December 31. There was only one adjustment to Service Revenue.
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Kopec Production Company Unadjusted Trial Balance From the Adjusted Trial Balance Account Title 10,200 Prepaid rent Equipment Accumulated depreciation.. Accounts payable Salary payable Unearned service revenue Income tax payable Note pa yable, long-ter Common stock Retained earnings.. Dividends Service revenue Salary expense Rent expense Depreciation expense... Income tax expense Net income 32,100 3,800 4,600 8,400 10,000 8,700 1,300 1,000 12,800 19,500 4,000 1,200 4,900 1,400 300 1,600 8,200 19,500 49,600 49,600
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Adjusting Entries 31Dec Rent Expense 200 Prepaid rent 200 Rent expense expired out ...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-0135012840
7th edition
Authors: Walter T. Harrison, Charles T. Horngren
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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