Question: PART II: PROBLEM 2 GENERAL LEDGER WITH ADJUSTED BALANCES APPEAR BELOW: FORMB Required: (1-4) Using the accounts in the General Ledger below, prepare 4 closing
PART II: PROBLEM 2 GENERAL LEDGER WITH ADJUSTED BALANCES APPEAR BELOW: FORMB Required: (1-4) Using the accounts in the General Ledger below, prepare 4 closing entries in the General Journal Post the closing entries to the Ledger and then complete 05 (posting not graded) General Journal A CCOUNT Debit Credit ENTRYW 4 5. After CLOSING entries are posted ENDING CAPTIAL = $ indicate il CAPITAL balance is a debitor a credit GENERAL LEDGER ASSETS LIABILITIES OWNER'S EQUITY Service Revenue Z Jon Capital 250.000 200.000 CASH 400,000 Accounts Payable 100.000 Salaries Expense 80.00 Accounts Receivable Unearned Revenue 70.00 Z Jon, Withdrawals 50.000 Prepaid Insurance Rent Expense 10.00 INCOME SUMMARY Insurance Expense
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