A partial listing of accounts for Z Ltd. is shown below: Account Amount Accounts payable $36,000...

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A partial listing of accounts for Z Ltd. is shown below: Account Amount Accounts payable $36,000 Interest revenue $2,400 Accumulated depreciation - equipment $4,500 Salaries payable $2,300 Salaries expense $106,000 Unearned revenues Supplies expense Dividends Rent expense Supplies Service revenues Accounts receivable Interest expense Depreciation expense $1,875 $3,400 $10,000 $87,000 $3,700 $425,000 Insurance expense Equipment Income tax expense Retained earnings $38,100 $6,000 $9,000 $3,600 $28,000 $35,000 $75,100 Required: Use a Word document or Excel spreadsheet to prepare your answers and upload the file. Ensure your name is included in the file name. If you encounter any difficulties uploading your file here - there is an optional question at the end where you can upload. Prepare the closing entries. A partial listing of accounts for Z Ltd. is shown below: Account Amount Accounts payable $36,000 Interest revenue $2,400 Accumulated depreciation - equipment $4,500 Salaries payable $2,300 Salaries expense $106,000 Unearned revenues Supplies expense Dividends Rent expense Supplies Service revenues Accounts receivable Interest expense Depreciation expense $1,875 $3,400 $10,000 $87,000 $3,700 $425,000 Insurance expense Equipment Income tax expense Retained earnings $38,100 $6,000 $9,000 $3,600 $28,000 $35,000 $75,100 Required: Use a Word document or Excel spreadsheet to prepare your answers and upload the file. Ensure your name is included in the file name. If you encounter any difficulties uploading your file here - there is an optional question at the end where you can upload. Prepare the closing entries.

Answer rating: 100% (QA)

To prepare the closing entries for Z Ltd we need to close the temporary accounts revenue expe... View the full answer