Question: Make the closing entry ( or entries) necessary to close the following accounts: Salary expense. $18,000 Unearned service revenue. 4,700 Paid-in Capital. 2,000 Cash. 800

Make the closing entry ( or entries) necessary to close the following accounts:
Salary expense. $18,000
Unearned service revenue. 4,700
Paid-in Capital. 2,000
Cash. 800
Service revenue. 20,000
Rent expense. 6,400
Retained earnings (beginning). 1,500
Prepaid rent expense. 3,000

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!

Q:

with the ending balances from the post closing trial balance of dec 31, what would the requirments of part 3 look like? ive done this problem over and over again and i havent gotten anything to...

Q:

Please answer all parts Problem 4-07A On November 1, 2022, the following were the account balances of Carla Vista Equipment Repair. Debit Credit Cash $ 3,520 Accumulated Depreciation Equipment $ 500...

Q:

the post closing trial balance are the starting values for part three, the secretaries salary is $4,500 paid on the 20th of every month, the depreciation for the furniture and computer respectively...

Q:

Question 2 (6 + 6 + 6 = 18 Marks) The trial balance of Moe Manufacturing Company at 30 June 2017 and the data needed for the month-end adjustments follow: Moe Manufacturing Company Limited Adjusted...

Q:

how do I journalize the adjusting entries using the worksheet as a basis all T-Mobile LTE 1:07 a. m. 0 11 0 Manuel 9/3/19 10:15 p. m. Archivos the end of January. 4. Sells 30 personal computers at...

Q:

BHMH2101 2019/20 S2 Assignment ! Total Marks: 100 marks Question 1 (50 marks) Beauty Forever Company is engaged in providing medical beauty service including various treatment service and medical...

Q:

On November 1, 2025, Kingbird Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $25,200 Accumulated Depreciation-Equipment $2,800 Accounts...

Q:

ACR 4. 4 At June 30 , 2020 , the end of its most recent fiscal year , Green River Computer Consultants' post - closing* trial balance was as follows ( amounts in thousands ) : Record and post...

Q:

Question Al Part I Moonflower Limited ("Moonflower) is beauty salon business. The company adjusts its accounts monthly while closing entries are performed annually on 31 December. The company's...

Q:

P2-2A Emily Valley is a licensed dentist. During the first month of the operation of her business, the following events and transactions occurred: April invested $20,000 cash in her business. 1 Hired...

Q:

2. Hard Luck Oil Company agreed to conduct G&G studies and other exploration activitieson a Lease owned by Falcon Oil Company in exchange for an interest in the property ifproved reserves are found....

Q:

A manufacturer of video games develops a new game over two years. This costs $850,000 per year with one payment made immediately and the other at the end of two years. When the game is released, it...

Q:

You will be writing two java files for this assignment. ( a ) Write a class called Box that will contain the width, length, and height of a box. It should have a field for each of these three...

Q:

Calculate the minimum and maximum takt time for the given

Q:

Discuss how business practices such as outsourcing and offshoring affect business communication. (Objective 1)

Q:

The company for which you work has offered you two tickets to a sold-out event (e.g., a concert, an NFL game). Two of your friends know you have the tickets; each wants to be the person you invite to...

Q:

Ethics. Picture yourself as the author of the Ask Andy column in your company newsletter. This month, you receive a letter from Edna, who writes, Im tired of all the office politics here. I think...