Below is the adjusted trial balance of Edmonton Company on December 31, 2019. Give all the...

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Below is the adjusted trial balance of Edmonton Company on December 31, 2019. Give all the closing journal entries required for Edmonton Company as on Dec 31, 2019 Adjusted Trial Balance Account Titles Debits Credits Cash $24,000 Machinery 95,000 Accumulated Depreciation 12,000 Trade Payables Share Capital 9,000 28,000 Retained Earnings 52,000 Service Revenue 51,000 Interest Expense 3,000 Operating Expenses 21,000 Depreciation Expense 7.000 Dividends declared and paid 2,000 Totals $152,000 $152,000 Below is the adjusted trial balance of Edmonton Company on December 31, 2019. Give all the closing journal entries required for Edmonton Company as on Dec 31, 2019 Adjusted Trial Balance Account Titles Debits Credits Cash $24,000 Machinery 95,000 Accumulated Depreciation 12,000 Trade Payables Share Capital 9,000 28,000 Retained Earnings 52,000 Service Revenue 51,000 Interest Expense 3,000 Operating Expenses 21,000 Depreciation Expense 7.000 Dividends declared and paid 2,000 Totals $152,000 $152,000

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Answer Solution DATE ACCOUNT TITLE DEBIT CREDIT 31Dec Service Revenue 51000 In... View the full answer