Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January
Question:
Following is the adjusted trial balance, with accounts in alphabetical order, for TRN Magazine as at January 31, 2023:
Required
Prepare the closing entries.
Transcribed Image Text:
Accounts receivable Accumulated depreciation, equipment Cash Depreciation expense, equipment Equipment Interest income Rent expense Salaries expense Subscription revenues Trish Norris, capital Trish Norris, withdrawals Unearned subscription revenue Totals Debit Credit $ 21,400 8,900 1,700 19,400 17,900 61,400 19,800 $ 12,400 490 71,400 46,810 19,400 $150,500 $150,500
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2023 January 31 Subscription Revenues Interest Income Closing entries Income Summary To clos...View the full answer
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Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781260881325
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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