Old MathJax webview

Old MathJax webview

q7

prepare closing entries

Pina Colada Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Pina Colada Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $10,150 112 Accounts Receivable 8.500 157 Equipment 16,200 158 Accumulated Depreciation-Equip. S7.500 201 Accounts Payable 4.950 208 Unearned Rent Revenue 2200 311 Common Stock 20/100 320 Retained Earnings 25.500 332 Dividends 14800 400 Service Revenue 64.500 429 Rent Revenue 5.000 711 Deprecation Expense 9500, 726 Salaries and Wages Expense 561,600 732 Utilities Expense 15 000 5130,750 $120.750 EDUCE =//education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=34adbad9-a5f0-433a-8b35-6b4 in Hen... - Guys Curved Hem... Chapters 18-20 Flas... WEK Wix ADI My Profile - PayPal wex Wix ADI Question 7 of 14 - 1 E (a) Prepare the closing entries. (Credit account ttles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit July 31 (To dose revenue accounts) July 31 I (To close expense accounts) July 31 (To cose net income / (loss)) arch o e 99+ Pina Colada Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Pina Colada Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $10,150 112 Accounts Receivable 8.500 157 Equipment 16,200 158 Accumulated Depreciation-Equip. S7.500 201 Accounts Payable 4.950 208 Unearned Rent Revenue 2200 311 Common Stock 20/100 320 Retained Earnings 25.500 332 Dividends 14800 400 Service Revenue 64.500 429 Rent Revenue 5.000 711 Deprecation Expense 9500, 726 Salaries and Wages Expense 561,600 732 Utilities Expense 15 000 5130,750 $120.750 EDUCE =//education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=34adbad9-a5f0-433a-8b35-6b4 in Hen... - Guys Curved Hem... Chapters 18-20 Flas... WEK Wix ADI My Profile - PayPal wex Wix ADI Question 7 of 14 - 1 E (a) Prepare the closing entries. (Credit account ttles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit July 31 (To dose revenue accounts) July 31 I (To close expense accounts) July 31 (To cose net income / (loss)) arch o e 99+