Question: oport Question 4 View Policies Current Attempt in Progress The adjusted trial balance for Sunland Company is given below. SUNLAND COMPANY Trial Balance August 31,

 oport Question 4 View Policies Current Attempt in Progress The adjusted
trial balance for Sunland Company is given below. SUNLAND COMPANY Trial Balance

oport Question 4 View Policies Current Attempt in Progress The adjusted trial balance for Sunland Company is given below. SUNLAND COMPANY Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,000 $10,000 Accounts Receivable 8.360 9.110 Supplies 2.770 1,010 4.260 2.760 Prepaid Insurance Equipment 15,000 15,000 $3,375 $4,575 Accumulated Depreciation-Equipment 5,650 5,650 Accounts Payable 0 Salaries and Wages Payable 1,560 1.940 1,010 Unearned Rent Revenue 17.850 17.850 Common Stock 5,860 5,860 Retained Earnings Dividends 2,870 2.870 33,020 33,770 Service Revenue 12.910 13,840 Rent Revenue 16,790 18.350 Salaries and Wages Expense Supplies Expense 0 1.760 20,555 20.555 Rent Expense 0 1.500 Insurance Expense 0 1.200 Depreciation Expense $80,605 $80.605 $84.115 $84,115 Prepare the closing entries for the temporary accounts at August 31. (If no entry is required, select "No Entry for the Debit Credit Date Account Titles and Explanation x HW apter 4 C Get Help With Ches X ur.com/course/29721/398365 Insurance Expense 0 1,500 Depreciation Experie 0 1.200 $80,605 $80.605 $84,115 $84,115 Prepare the closing entries for the temporary accounts at August 31. (no entry is required, select "No Entry for the accountities and enter for the amount Date Account Titles and Explanation Debit Credit Aug. 31 (To dose revenue accounts) Aug. 31 (Todose expense accounts) Aug. 31 (Todose income (loss)) Aug 31 (To dose dividends) List of Accounts Previous o

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!