Post closing entries and complete the closing process. (For accounts that have zero ending balance, the...

 

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Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount. Post entries in the order of journal entries presented.) Cash 9,600 7/1 1,280 7/5 7/1 1,600 7/21 1,440 7/18 7/20 1,200 1,600 7/31 230 7/31 480 7/31 Bal. 4,330 Accounts Receivable 7/12 2,960 7/21 1,280 7/25 2,000 7/31 1,360 7/31 Bal. 5,040 Supplies 7/3 720 7/31 460 7/31 Bal. 260 Prepaid Insurance 7/5 1,440 7/31 120 7/31 Bal. 1,320 Equipment 7/1 6,400 6,400 Accumulated Depreciation-Equipment 7/31 Bal. 7/31 140 7/31 Bal. 140 Accounts Payable 1,200 7/1 7/3 7/18 4,800 720 7/31 Bal. 4,320 Salaries and Wages Payable 7/31 320 7/31 Bal. 320 Owner's Capital 7/1 $9,600 Activate Windows Go to Settings to activate Windows. Owner's Drawings 7/31 480 2:50 PM 4/11/2021 Bal. Owner's Capital 7/1 $9,600 Owner's Drawings 7/31 480 Income Summary Service Revenue 7/12 2,960 7/25 2,000 7/31 1,360 Maintenance and Repairs Expense 7/31 230 Supplies Expense 7/31 460 Depreciation Expense 7/31 Activate Windows 140 Go to Settings to activate Windows. Insurance Expense 2:50 PM 4/11/2021 Depreciation Expense 7/31 140|| Insurance Expense 7/31 120 Salaries and Wages Expense 7/20 1,600 7/31 320 Prepare a post-closing trial balance at July 31. BRIDGEPORT WINDOW WASHING CO. Post-Closing Trial Balance Debit Credit Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT Activate Windows Go to Settings to activate Windows. Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER 2:50 PM 4/11/2021 Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the balance date and zero for the amount. Post entries in the order of journal entries presented.) Cash 9,600 7/1 1,280 7/5 7/1 1,600 7/21 1,440 7/18 7/20 1,200 1,600 7/31 230 7/31 480 7/31 Bal. 4,330 Accounts Receivable 7/12 2,960 7/21 1,280 7/25 2,000 7/31 1,360 7/31 Bal. 5,040 Supplies 7/3 720 7/31 460 7/31 Bal. 260 Prepaid Insurance 7/5 1,440 7/31 120 7/31 Bal. 1,320 Equipment 7/1 6,400 6,400 Accumulated Depreciation-Equipment 7/31 Bal. 7/31 140 7/31 Bal. 140 Accounts Payable 1,200 7/1 7/3 7/18 4,800 720 7/31 Bal. 4,320 Salaries and Wages Payable 7/31 320 7/31 Bal. 320 Owner's Capital 7/1 $9,600 Activate Windows Go to Settings to activate Windows. Owner's Drawings 7/31 480 2:50 PM 4/11/2021 Bal. Owner's Capital 7/1 $9,600 Owner's Drawings 7/31 480 Income Summary Service Revenue 7/12 2,960 7/25 2,000 7/31 1,360 Maintenance and Repairs Expense 7/31 230 Supplies Expense 7/31 460 Depreciation Expense 7/31 Activate Windows 140 Go to Settings to activate Windows. Insurance Expense 2:50 PM 4/11/2021 Depreciation Expense 7/31 140|| Insurance Expense 7/31 120 Salaries and Wages Expense 7/20 1,600 7/31 320 Prepare a post-closing trial balance at July 31. BRIDGEPORT WINDOW WASHING CO. Post-Closing Trial Balance Debit Credit Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT Activate Windows Go to Settings to activate Windows. Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER 2:50 PM 4/11/2021

Answer rating: 100% (QA)

Closing journal entries Date Particulars Debit Credit 31Jul Service revenue Ac Dr 6320 To income sum... View the full answer