1 Reference Date Accounts and Explanation Debit Credit Dec. 31 3,703,398 Clos. (1) 3,703,398 2,080,608 Dec. 31 Clos. (2) Sales Revenue Income Summary To close revenue. Income Summary Cost of Goods Sold Salaries Expense-Selling Utilities Expense-Selling Supplies Expense-Selling Depreciation Expense-Selling Salaries Expense-Administrative Utilities Expense-Administrative Supplies Expense-Administrative 1,606,328 253,500 34,848 350 26,950 119,500 27,232 350 350 11,550 1,622,790 Dec. 31 1,622,790 Utilities Expense-Adminis Supplies Expense-Administrative Depreciation Expense-Administrative To close expenses Income Summary Daniels, Capital To close Income Summary Daniels, Capital Daniels, Withdrawals To close withdrawals Clos. (3) 65,000 65,000 Dec. 31 Clos (4) Review the closing entries you prepared above Sales Revenue Cash Accounts Payable O Bal 3,703,398 Bal Bal 394,708 O Bal 3,703,398 Bal Bal 394,708 Accounts Receivable 374,715 Daniels, Capital 393,500 Bal Cost of Goods Sold 1,606,000 Bal Bal Choose from any list or onter any number in the input fields and then click Check Answer Click the icon to view the traditie.) Accounts Receivable 374,715 Daniels, Capital 393,500 Bal Bal Read the requirements Cost of Goods Sold 1,606,000 328 1,606,328 Bal Adj.c Bal Bal 374,715 393,500 Bal. Merchandise Inventory Daniels, Withdrawals Salaries Expense-Selling 253,500 Bal 249.400 Bal 65,000 Bal 328 Adj. Choose from any list or enter any number in the input fields and then click Check Answer, 1 part remaining Clear All Daniels, Withdrawals 65,000 Salaries Expense-Selling 253,500 Bal Bal Bal Merchandise Inventory 249.400 328 Adic 249,072 Bal Bal. 65,000 Bal 253,500 Income Summary Office Supplies 870 350 Adi 6.1 Utilities Expense-Selling 34,848 Bal Bal Choose from any list or enter any number in the input fields and then click Check Answer (1 port remaining Clear All (Click the 100 10 VW TO Income Summary Utilities Expense-Selling 34,848 Bal Bal Office Supplies 670 350 Adj. b. 1 Bal. 34.848 Bal 320 Supplies Expense_Selling Bal 0 Bal. Warehouse Supplies 1,325 350 Adj. b.2 975 Adj. 1.2 350 Ral Ral 3501 Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Clear All Land Depreciation Expense Selling Bal 0 Adj, a 28,950 Bal 26,950 Bal 30,000 Bal 30.000 Building 790,000 Salaries Expense-Administrative Bal 119.500 Bal Initials and then click Check Answer The trial balance (Chok the icon to view the trial balanco) Read the requirements Salaries Expense-Administrative Bal 119,500 Building 790.000 Bal Bal 119,500 Bal 790,000 Office Furniture and Equipment Bal 135,000 Utilities Expense-Administrative Bal 27,232 06 DA Ch from investor antar Anv.nimhar in the innuit fills and then click Chack Answer csck the icon to view the trial balance FUTURE 135,000 wa LA-RUUBUV Bal 27.232 Bal Bal 27.232 Bal 135.000 Warehouse Fixtures 250,000 Bal Supplies Expense Administrative Bal 0 Ad 6.1 350 Bal 350 Bol 250,000) Choose from any list or enter any number in the input folds and then click Check Answer 7 Part minina Clear All Warehouse Fixtures 250,000 Supplies Expense-Administrative Bal. ol 350 Bal. Adj, b. 1 Bal 350 Bal 250,000 Accumulated Depreciation 235,000 Bal 38,500 Adj, a Depr. Expense-Administrative Bal 0 Adj, a 11,550 bose from any list or enter any number in the input fields and then click Check Answer part remaining Clear All Accumulated Depreciation 235,000 Bal 38,500 Ada 273,500 Bal Depr. Expense-Administrative Bal 0 Adj. a 11,550 Bal. 11,550 Choose from any list or enter any number in the input fields and then click Check Answer 1 Reference Date Accounts and Explanation Debit Credit Dec. 31 3,703,398 Clos. (1) 3,703,398 2,080,608 Dec. 31 Clos. (2) Sales Revenue Income Summary To close revenue. Income Summary Cost of Goods Sold Salaries Expense-Selling Utilities Expense-Selling Supplies Expense-Selling Depreciation Expense-Selling Salaries Expense-Administrative Utilities Expense-Administrative Supplies Expense-Administrative 1,606,328 253,500 34,848 350 26,950 119,500 27,232 350 350 11,550 1,622,790 Dec. 31 1,622,790 Utilities Expense-Adminis Supplies Expense-Administrative Depreciation Expense-Administrative To close expenses Income Summary Daniels, Capital To close Income Summary Daniels, Capital Daniels, Withdrawals To close withdrawals Clos. (3) 65,000 65,000 Dec. 31 Clos (4) Review the closing entries you prepared above Sales Revenue Cash Accounts Payable O Bal 3,703,398 Bal Bal 394,708 O Bal 3,703,398 Bal Bal 394,708 Accounts Receivable 374,715 Daniels, Capital 393,500 Bal Cost of Goods Sold 1,606,000 Bal Bal Choose from any list or onter any number in the input fields and then click Check Answer Click the icon to view the traditie.) Accounts Receivable 374,715 Daniels, Capital 393,500 Bal Bal Read the requirements Cost of Goods Sold 1,606,000 328 1,606,328 Bal Adj.c Bal Bal 374,715 393,500 Bal. Merchandise Inventory Daniels, Withdrawals Salaries Expense-Selling 253,500 Bal 249.400 Bal 65,000 Bal 328 Adj. Choose from any list or enter any number in the input fields and then click Check Answer, 1 part remaining Clear All Daniels, Withdrawals 65,000 Salaries Expense-Selling 253,500 Bal Bal Bal Merchandise Inventory 249.400 328 Adic 249,072 Bal Bal. 65,000 Bal 253,500 Income Summary Office Supplies 870 350 Adi 6.1 Utilities Expense-Selling 34,848 Bal Bal Choose from any list or enter any number in the input fields and then click Check Answer (1 port remaining Clear All (Click the 100 10 VW TO Income Summary Utilities Expense-Selling 34,848 Bal Bal Office Supplies 670 350 Adj. b. 1 Bal. 34.848 Bal 320 Supplies Expense_Selling Bal 0 Bal. Warehouse Supplies 1,325 350 Adj. b.2 975 Adj. 1.2 350 Ral Ral 3501 Choose from any list or enter any number in the input fields and then click Check Answer 1 part remaining Clear All Land Depreciation Expense Selling Bal 0 Adj, a 28,950 Bal 26,950 Bal 30,000 Bal 30.000 Building 790,000 Salaries Expense-Administrative Bal 119.500 Bal Initials and then click Check Answer The trial balance (Chok the icon to view the trial balanco) Read the requirements Salaries Expense-Administrative Bal 119,500 Building 790.000 Bal Bal 119,500 Bal 790,000 Office Furniture and Equipment Bal 135,000 Utilities Expense-Administrative Bal 27,232 06 DA Ch from investor antar Anv.nimhar in the innuit fills and then click Chack Answer csck the icon to view the trial balance FUTURE 135,000 wa LA-RUUBUV Bal 27.232 Bal Bal 27.232 Bal 135.000 Warehouse Fixtures 250,000 Bal Supplies Expense Administrative Bal 0 Ad 6.1 350 Bal 350 Bol 250,000) Choose from any list or enter any number in the input folds and then click Check Answer 7 Part minina Clear All Warehouse Fixtures 250,000 Supplies Expense-Administrative Bal. ol 350 Bal. Adj, b. 1 Bal 350 Bal 250,000 Accumulated Depreciation 235,000 Bal 38,500 Adj, a Depr. Expense-Administrative Bal 0 Adj, a 11,550 bose from any list or enter any number in the input fields and then click Check Answer part remaining Clear All Accumulated Depreciation 235,000 Bal 38,500 Ada 273,500 Bal Depr. Expense-Administrative Bal 0 Adj. a 11,550 Bal. 11,550 Choose from any list or enter any number in the input fields and then click Check