Please journalize the closing entries from the attached 10- column worksheet. Use the attached template to...
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Please journalize the closing entries from the attached 10- column worksheet. Use the attached template to complete your General Journal. Cash Prepaid Insurance Supplies Automobile Accum, Depr. Franki Valley, Capital Franki Valley, Drawing Commission Revenue Depreciation expense Supplies expense Insurance expense net income Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 10375 1000 225 15000 400 0 0 1000 18000 8000 0 27000 27000 c) 1000 a) 50 B) 200 1250 b) 200 a) 50 c) 1000 1250 Adjusted Trial Balance Debit Credit Debit Credit 10375 800 175 15000 400 1000 50 200 28000 2000 18000 8000 Income 28000 Statement 1000 50 8000 Balance Sheet 1 Owner's Equity Debit Credit 10375 800 175 15000 400 200 1250 8000 26750 6750 2000 18000 20000 6750 8000 8000 26750 26750 A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 A 2018 Date B General Journal Account Titles Closing Entries C PR D DEBIT E CREDIT Please journalize the closing entries from the attached 10- column worksheet. Use the attached template to complete your General Journal. Cash Prepaid Insurance Supplies Automobile Accum, Depr. Franki Valley, Capital Franki Valley, Drawing Commission Revenue Depreciation expense Supplies expense Insurance expense net income Unadjusted Trial Balance Adjustments Debit Credit Debit Credit 10375 1000 225 15000 400 0 0 1000 18000 8000 0 27000 27000 c) 1000 a) 50 B) 200 1250 b) 200 a) 50 c) 1000 1250 Adjusted Trial Balance Debit Credit Debit Credit 10375 800 175 15000 400 1000 50 200 28000 2000 18000 8000 Income 28000 Statement 1000 50 8000 Balance Sheet 1 Owner's Equity Debit Credit 10375 800 175 15000 400 200 1250 8000 26750 6750 2000 18000 20000 6750 8000 8000 26750 26750 A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 A 2018 Date B General Journal Account Titles Closing Entries C PR D DEBIT E CREDIT
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Closing Entries Date Account Titles Debit Credit 20181231 Income Summary 8000 20181231 Supplies Expense 50 20181231 Insurance Expense 200 20181231 Dep... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
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