A partial adjusted trial balance for Ramon Company is given in E4.15 . Instructions Prepare the closing
Question:
A partial adjusted trial balance for Ramon Company is given in E4.15 .
Instructions
Prepare the closing entries at January 31, 2022.
Data From E4.15
This is a partial adjusted trial balance of Ramon Company.
Transcribed Image Text:
Ramon Company Adjusted Trial Balance January 31, 2022 Debit Credit $ 700 Supplies Prepaid Insurance Salaries and Wages Payable 1,560 $1,060 Unearned Service Revenue 750 Supplies Expense Insurance Expense Salaries and Wages Expense Service Revenue 950 520 1,800 4,000
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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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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