Question: Problem #4 tifying and Journalizing Closing Entries accountant for Estela Pascual Events Planner has posted adjusting entries The e to the accounts at Dec. 31,

Problem #4 tifying and Journalizing Closing Entries accountant for Estela Pascual Events Planner has posted adjusting entries The e" to the accounts at Dec. 31, 2018. All the income, expense, and equity counts of the entity are listed here in T-account form: "a throug Accounts Receivable 230,000 Pascual, Withdrawals 524,000 (e) 35,000 Supplies Service Revenues 40,000 20,000 (a) 1,030,000 35,000 (e) Accumulated Depreciation-Furniture Salaries Expense 280,000 50,000 30,000 (b) 15,000 Accumulated Depreciation-Building Supplies Expense 30,000 60,000 (c) (a) 20,000 Depreciation Expense-Furniture (b) 30,000 Salaries Payable 15,000 (d) Depreciation Expense-Building (c) 60,000 Pascual, Capital 494,000 Required: Jlournalize the closing entries
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
