Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year...

   

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Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable Long-Term Notes Payable J. D. Allen, Capital J. D. Allen, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Statement Debit Credit 8,500 250 11,500 8,000 29,900 350 300 Balance Sheet Debit 4,000 12,500 8,000 550 300 750 33,000 9,000 16,000 Credit 19,000 5,000 9,000 200 18,000 25,300 Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) Office Supplies Expense (general) Insurance Expense (general) Depreciation Expense-Store Equipment (selling) Depreciation Expense-Office Equipment (general) Net Income DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 11,500 POST. REF. 4,600 3,500 650 475 525 400 450 30,850 7,600 38,450 Required: Prepare the closing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DEBIT CREDIT 1 2 355 WN 3 350 200 4 38,450 38,450 84,100 84,100 76,500 7,600 84,100 DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 7 8 9 10 11 12 13 14 15 16 17 Dec. 31 18 19 20 Dec. 31 21 POST. REF. DEBIT CREDIT 000 1 2 3 4 5 7 8 9 10 11 12 13 14 4567 15 16 17 8922 18 19 20 21 Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable Long-Term Notes Payable J. D. Allen, Capital J. D. Allen, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Statement Debit Credit 8,500 250 11,500 8,000 29,900 350 300 Balance Sheet Debit 4,000 12,500 8,000 550 300 750 33,000 9,000 16,000 Credit 19,000 5,000 9,000 200 18,000 25,300 Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) Office Supplies Expense (general) Insurance Expense (general) Depreciation Expense-Store Equipment (selling) Depreciation Expense-Office Equipment (general) Net Income DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 11,500 POST. REF. 4,600 3,500 650 475 525 400 450 30,850 7,600 38,450 Required: Prepare the closing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DEBIT CREDIT 1 2 355 WN 3 350 200 4 38,450 38,450 84,100 84,100 76,500 7,600 84,100 DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 7 8 9 10 11 12 13 14 15 16 17 Dec. 31 18 19 20 Dec. 31 21 POST. REF. DEBIT CREDIT 000 1 2 3 4 5 7 8 9 10 11 12 13 14 4567 15 16 17 8922 18 19 20 21 Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable Long-Term Notes Payable J. D. Allen, Capital J. D. Allen, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Statement Debit Credit 8,500 250 11,500 8,000 29,900 350 300 Balance Sheet Debit 4,000 12,500 8,000 550 300 750 33,000 9,000 16,000 Credit 19,000 5,000 9,000 200 18,000 25,300 Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) Office Supplies Expense (general) Insurance Expense (general) Depreciation Expense-Store Equipment (selling) Depreciation Expense-Office Equipment (general) Net Income DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 11,500 POST. REF. 4,600 3,500 650 475 525 400 450 30,850 7,600 38,450 Required: Prepare the closing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DEBIT CREDIT 1 2 355 WN 3 350 200 4 38,450 38,450 84,100 84,100 76,500 7,600 84,100 DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 7 8 9 10 11 12 13 14 15 16 17 Dec. 31 18 19 20 Dec. 31 21 POST. REF. DEBIT CREDIT 000 1 2 3 4 5 7 8 9 10 11 12 13 14 4567 15 16 17 8922 18 19 20 21 Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable Long-Term Notes Payable J. D. Allen, Capital J. D. Allen, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Statement Debit Credit 8,500 250 11,500 8,000 29,900 350 300 Balance Sheet Debit 4,000 12,500 8,000 550 300 750 33,000 9,000 16,000 Credit 19,000 5,000 9,000 200 18,000 25,300 Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) Office Supplies Expense (general) Insurance Expense (general) Depreciation Expense-Store Equipment (selling) Depreciation Expense-Office Equipment (general) Net Income DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 11,500 POST. REF. 4,600 3,500 650 475 525 400 450 30,850 7,600 38,450 Required: Prepare the closing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DEBIT CREDIT 1 2 355 WN 3 350 200 4 38,450 38,450 84,100 84,100 76,500 7,600 84,100 DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 7 8 9 10 11 12 13 14 15 16 17 Dec. 31 18 19 20 Dec. 31 21 POST. REF. DEBIT CREDIT 000 1 2 3 4 5 7 8 9 10 11 12 13 14 4567 15 16 17 8922 18 19 20 21 Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable Long-Term Notes Payable J. D. Allen, Capital J. D. Allen, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Statement Debit Credit 8,500 250 11,500 8,000 29,900 350 300 Balance Sheet Debit 4,000 12,500 8,000 550 300 750 33,000 9,000 16,000 Credit 19,000 5,000 9,000 200 18,000 25,300 Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) Office Supplies Expense (general) Insurance Expense (general) Depreciation Expense-Store Equipment (selling) Depreciation Expense-Office Equipment (general) Net Income DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 11,500 POST. REF. 4,600 3,500 650 475 525 400 450 30,850 7,600 38,450 Required: Prepare the closing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DEBIT CREDIT 1 2 355 WN 3 350 200 4 38,450 38,450 84,100 84,100 76,500 7,600 84,100 DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 7 8 9 10 11 12 13 14 15 16 17 Dec. 31 18 19 20 Dec. 31 21 POST. REF. DEBIT CREDIT 000 1 2 3 4 5 7 8 9 10 11 12 13 14 4567 15 16 17 8922 18 19 20 21 Account Title Cash Accounts Receivable Merchandise Inventory J. D. Enterprise Work Sheet (partial) For the year ended December 31, 20-- Store Supplies Office Supplies Prepaid Insurance Store Equipment Accumulated Depreciation-Store Equipment Office Equipment Accumulated Depreciation-Office Equipment Accounts Payable Salaries Payable Long-Term Notes Payable J. D. Allen, Capital J. D. Allen, Drawing Income Summary Sales Sales Returns and Allowances Purchases Purchases Returns and Allowances Income Statement Debit Credit 8,500 250 11,500 8,000 29,900 350 300 Balance Sheet Debit 4,000 12,500 8,000 550 300 750 33,000 9,000 16,000 Credit 19,000 5,000 9,000 200 18,000 25,300 Purchases Purchases Returns and Allowances Purchases Discounts Sales Salary Expense (selling) Office Salary Expense (general) Store Supplies Expense (selling) Office Supplies Expense (general) Insurance Expense (general) Depreciation Expense-Store Equipment (selling) Depreciation Expense-Office Equipment (general) Net Income DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 11,500 POST. REF. 4,600 3,500 650 475 525 400 450 30,850 7,600 38,450 Required: Prepare the closing entries for the merchandising firm. If an amount box does not require an entry, leave it blank. Page: 1 DEBIT CREDIT 1 2 355 WN 3 350 200 4 38,450 38,450 84,100 84,100 76,500 7,600 84,100 DATE DESCRIPTION 1 Dec. 31 2 3 4 5 6 Dec. 31 7 8 9 10 11 12 13 14 15 16 17 Dec. 31 18 19 20 Dec. 31 21 POST. REF. DEBIT CREDIT 000 1 2 3 4 5 7 8 9 10 11 12 13 14 4567 15 16 17 8922 18 19 20 21

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ing entries General Journal e 31 Sales Purchase re... View the full answer