Question: 2 Prepare closing entries using the the year ended January 31. Use the same format for the entries as you did in Question 1.

2 Prepare closing entries using the the year ended January 31. Use

2 Prepare closing entries using the the year ended January 31. Use the same format for the entries as you did in Question 1. Write your answer as dr accountname_cr accountname and amount. You do NOT need to provide a date or explanation of the transaction. Account Titles Adjusted Dr Trial Balance Cr Cleaning Equipment 5,590 Salary Expense 5.000 Prepaid Insurance 990 Prepaid Rent 3,000 Cleaning Supplies 3.838 Cash 17.050 1,450 Accumulated Depreciation, Cleaning Equipment J. Singh, Capital 9.751 Interest Payable 680 Uneamed Revenue 12,000 Mortgage Payable 2,500 Service Revenue 40,525 800 Advertising Expense Interest Revenue 2.550 513 Depreciation Expense, Cleaning Equipment J. Singh, Withdrawals 5,000 Rent Expense 10,000 Telephone Expense 600

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!