Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as...
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Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby Cullumber Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fscal year is as 5/15 follows. Cullumber Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $8.800 112 Accounts Receivable 9,400 157 Equipment 16.300 158 Accumulated Depreciation-Equip $7.600 201 Accounts Payable 5,000 208 Unearned Rent Revenue 2.300 43.200 301 Owner's Capital 306 Owner's Drawings 16.000 65.000 400 Service Revenue 6.000 429 Rent Revenue 6.700 711 Depreciation Expense 56.500 726 Salaries and Wages Expense 15400 732 Uslities Expene 1129.100 $129.100 Date Account Titles and Explanation Debit Credit July 31 Service Revee 45000 Rent Revenu 1000 co Suy (To dose revenue accounts) July 3s one Say D ation Epee Saes wd Epere 1430 Us toen (To dose expense accounti) July 31 Ori C (Tu doce nat incoine/ Jena) TARO Oer D 5/15 Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journol entries presented in the previous part Enter negative amounts using either a negative sign preceding the number eg45 or parentheses es (4S Owner's Capital Date Explanation No. 301 Debit Credit July Balance 31 July 31 July 31 Income Summary No. 350 Date. Explanation Credit Debit Balanc July July Juby
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Requirement A Journalizing the closing entries Date Account Titles and Explanation D... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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