Question: pleez help answer ASAAAP FOR EXAM! finish closing entry i have the adjusting entri third picture. uestion 14 of 18 Prepare the necessary closing entries.


uestion 14 of 18 Prepare the necessary closing entries. (Credit account titles are automatically indented when the amount is entered. Do not manually.) Account Titles and Explanation Debit Credit (To close revenue accounts) estion 14 of 18 (To close expense accounts) (To close net income / (loss)) Event Particulars Debit Credit a) Insurance Expense To Prepaid Insurance $ 2,310.00 $ 2,310.00 b) Bad Debt Expense $ 3,260.00 To Allowance for Doubtful Accounts $ 3,260.00 [(S 259000 x 2%) - $ 1920) c) Depreciation Expense To Accumulated Depreciation ($ 104000 x 10%) $ 10,400.00 $ 10,400.00 d) Interest Receivable To Interest Revenue ($ 11200 x 5%) $ 560.00 $ 560.00 e) Prepaid Rent To Rent Expense ($ 13100 - $ 5900) $ 7,200.00 $ 7,200.00 f) Salaries and Wages Expense $ 5,840.00 To Salaries and Wages Payable $ 5,840.00 uestion 14 of 18 Prepare the necessary closing entries. (Credit account titles are automatically indented when the amount is entered. Do not manually.) Account Titles and Explanation Debit Credit (To close revenue accounts) estion 14 of 18 (To close expense accounts) (To close net income / (loss)) Event Particulars Debit Credit a) Insurance Expense To Prepaid Insurance $ 2,310.00 $ 2,310.00 b) Bad Debt Expense $ 3,260.00 To Allowance for Doubtful Accounts $ 3,260.00 [(S 259000 x 2%) - $ 1920) c) Depreciation Expense To Accumulated Depreciation ($ 104000 x 10%) $ 10,400.00 $ 10,400.00 d) Interest Receivable To Interest Revenue ($ 11200 x 5%) $ 560.00 $ 560.00 e) Prepaid Rent To Rent Expense ($ 13100 - $ 5900) $ 7,200.00 $ 7,200.00 f) Salaries and Wages Expense $ 5,840.00 To Salaries and Wages Payable $ 5,840.00
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