Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to...
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Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Bright, Capital Dec. 31 17,900 Furniture Dec. 31 16,300 Adj. Bal. Income Summary 13,500 Dec. 31 48,900 Adj. Bal. Dec. 31 5,000 9,800 Dec. 31 Supplies Expense 700 Accounts Payable Dec. 31 8,500 Service Revenue Dec. 31 14,100 8,500 Bal. 14,100 Adj. Bal Bright, Withdrawals 700 Dec. 31 Adj. Bal. 5,500 1,500 Dec. 31 5,500 Dec. 31 Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Bright, Capital Dec. 31 17,900 Furniture Dec. 31 16,300 Adj. Bal. Income Summary 13,500 Dec. 31 48,900 Adj. Bal. Dec. 31 5,000 9,800 Dec. 31 Supplies Expense 700 Accounts Payable Dec. 31 8,500 Service Revenue Dec. 31 14,100 8,500 Bal. 14,100 Adj. Bal Bright, Withdrawals 700 Dec. 31 Adj. Bal. 5,500 1,500 Dec. 31 5,500 Dec. 31
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