Question: Question 5 of 5 > -12 Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022. for

Question 5 of 5 > -12 Current Attempt in Progress Selected year-end account balances from the adjusted trial balance as of December 31, 2022. for Monty Corp. is provided below. Credit Debit $68,240 24.720 12.410 200,030 85.630 Accounts Receivable Dividends Depreciation Expense Equipment Salaries and Wages Expense Accounts Payable Accumulated Depreciation-Equipment Unearned Rent Revenue Service Revenue Rent Revenue Rent Expense Retained Earnings Supplies Expense $49,820 107.910 21.530 172.770 5,830 3,380 58,090 1.320 Part 1 Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Dec. 31 Debit Credit (To dose revenue account) Dec. 31 Part 1 Prepare closing entries. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income to retained earnings) Dec. 31 (To dose dividends to retained earnings) Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
