Question: closing entry income summary ? omework Chapter 4 Question 4 of 5 LUETTELVETTV5' The adjusted trial balance for Swifty Holding Ltd. as at September 30,

 closing entry income summary ? omework Chapter 4 Question 4 of closing entry income summary ?
5 LUETTELVETTV5' The adjusted trial balance for Swifty Holding Ltd. as at

omework Chapter 4 Question 4 of 5 LUETTELVETTV5' The adjusted trial balance for Swifty Holding Ltd. as at September 30, 2021, was as follows: Credit Debit $ 24,000 114,000 12,000 558,000 Cash Accounts receivable Prepaid insurance Vehicles Accumulated depreciation-equipment Accounts payable Deferred revenue Income taxes payable Common shares Retained earnings Dividends declared Service revenue Interest income Salaries expense Repairs and maintenance expense 288,000 45,000 32,000 8,000 142,000 228,000 50,000 535.000 3,000 378,000 95,000 Question 4 of 5 288,000 45,000 32.000 8,000 142,000 228,000 Accumulated depreciation-equipment Accounts payable Deferred revenue Income taxes payable Common shares Retained earnings Dividends declared Service revenue Interest income Salaries expenses Repairs and maintenance expense Insurance expense Depreciation expense Income tax expense 50,000 535,000 3,000 378,000 95,000 5,000 40,000 . 5,000 (a)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!