From the account balances of R Jones in figure 9.25, prepare the necessary closing general journals. Extract
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From the account balances of R Jones in figure 9.25, prepare the necessary closing general journals.
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Extract Account Balances of R Jones as at 31 December 2022 Inventory [1-1-2022] Assets - other Liabilities Capital Drawings Sales Rent Received Interest Received Purchases Freight Inwards Sales Salaries Freight Office Salaries Vehicle Expenses Stationery Insurance Postage and Telephone Interest Outwards Bad Debts Expense 00 Inventory as per stocktake (31-12-2022] $2890 3310 181 950 2 100 29 949 2332 5940 2591 8 142 1591 181 159 376 391 159 109 367 63466 62 231 3 177 930
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Here are the closing journal entries Close Revenue Accounts Date Account Ref ...View the full answer
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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