Change Painting Companys adjusted trial balance at December 31, 2014, follows. The owner made no investments during
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Prepare the required closingentries.
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Change Painting Company Adjusted Trial Balance December 31, 2014 9,500 5,184 760 400 304 7,750 Cash Accounts Receivable Prepaid Insurance Prepaid Rent Painting Supplies Painting Equipment Accumulated Depreciation- Painting Equipment Truck Accumulated Depreciation- Truck Accounts Payable Wages Payable Unearned Painting Revenue G. Ranke, Capital G. Ranke, Withdrawals Painting Revenue Wages Expense Rent Expense Gas, Oil, and Other Truck Expenses Insurance Expense Supplies Expense Depreciation Expense-Painting Equipment Depreciation Expense- Truck 640 14,400 1,440 840 590 3,380 30,068 4,000 29,240 11,360 2,700 1,160 760 5,840 640 1,440 66,198 66,198
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2014 Dec 31 Painting Revenue 29240 Income Summary 29240 To clo...View the full answer
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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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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