1. Assume Stone Sign Company has a January 31 year-end. Journalize Stones clesing 2. How much...
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1. Assume Stone Sign Company has a January 31 year-end. Journalize Stones clesing 2. How much net income or net loss did Stone Sign Company e Preparing closing entries from an adjusted trial balance The adjusted trial balance of Stone Sign Company follows: STONE SIGN COMPANY Adjusted Trial Balance January 31, 2018 Balance Debit Credit Account Title $ 15,400 Cash 1,500 Office Supplies 1,400 Prepaid Rent Equipment 60,000 Accumulated Depreciation-Equipment $ 7,000 Accounts Payable 3,800 Salaries Payable 100 Unearned Revenue 4,200 Notes Payable (long-term) 4,300 Common Stock 48,800 Dividends 800 Service Revenue 17,300 Salaries Expense 3,700 Rent Expense 1,400 Depreciation Expense-Equipment Supplies Expense 400 300 Utilities Expense Total 600 $ 85,500 S 85,500 Requirements entrics at January 31. ended January 31? How can you tell? carn for the ycar 1. Assume Stone Sign Company has a January 31 year-end. Journalize Stones clesing 2. How much net income or net loss did Stone Sign Company e Preparing closing entries from an adjusted trial balance The adjusted trial balance of Stone Sign Company follows: STONE SIGN COMPANY Adjusted Trial Balance January 31, 2018 Balance Debit Credit Account Title $ 15,400 Cash 1,500 Office Supplies 1,400 Prepaid Rent Equipment 60,000 Accumulated Depreciation-Equipment $ 7,000 Accounts Payable 3,800 Salaries Payable 100 Unearned Revenue 4,200 Notes Payable (long-term) 4,300 Common Stock 48,800 Dividends 800 Service Revenue 17,300 Salaries Expense 3,700 Rent Expense 1,400 Depreciation Expense-Equipment Supplies Expense 400 300 Utilities Expense Total 600 $ 85,500 S 85,500 Requirements entrics at January 31. ended January 31? How can you tell? carn for the ycar
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Related Book For
Horngrens Financial and Managerial Accounting The Financial Chapters
ISBN: 978-0134486857
6th edition
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
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