Question: On December 31, 20X1, the ledger of De La Rosa Company contained the following account balances: Table Summary: A list of account names and amounts
On December 31, 20X1, the ledger of De La Rosa Company contained the following account balances:
Table Summary:
A list of account names and amounts are shown in seven rows and four columns. The list is shown in two sections, one on the left and the other on the right consisting of two columns each.
All the accounts have normal balances. Journalize the closing entries. Use 4 as the general journal page number.
Cash Accounts Receivable Supplies Equipment Accumulated Depreciation $ 66,000 Rosie De La Rosa, Drawing $ 52,000 5,800 Fees Income 107,500 5,000 34,000 6,000 5,700 9,300 4,200 Depreciation Expense 52,000 Salaries Expense 5,000 Supplies Expense Accounts Payable 6,000 Telephone Expense Rosie De La Rosa, Capital 121,500 Utilities Expense
Step by Step Solution
3.45 Rating (164 Votes )
There are 3 Steps involved in it
2 3 4 5 6 7 8 9 10 11 12 13 14 15 56700 16 17 18 GENERAL JOURNAL DATE SCRIPTION Closing Entr... View full answer
Get step-by-step solutions from verified subject matter experts
100% Satisfaction Guaranteed-or Get a Refund!
-
Access 30 Million+ textbook solutions.
-
Ask unlimited questions from AI Tutors.
-
Order free textbooks.
-
100% Satisfaction Guaranteed-or Get a Refund!
Study Help