Required: Prepare closing entries. CRANE FISHING CENTRE Adjusted Trial Balance March 31, 2024 Cash Interest receivable Supplies

 

 Required:

Prepare closing entries.

Transcribed Image Text:

CRANE FISHING CENTRE Adjusted Trial Balance March 31, 2024 Cash Interest receivable Supplies Long-term investments Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Accounts payable Interest payable Unearned revenue Notes payable ($6,600 must be paid in February, 2025) Debit $8,000 $750 1,450 29,000 47,000 185,000 37,000 Credit $31,000 17,500 6,500 940 2,120 66,200 CRANE FISHING CENTRE Adjusted Trial Balance March 31, 2024 Cash Interest receivable Supplies Long-term investments Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment Accounts payable Interest payable Unearned revenue Notes payable ($6,600 must be paid in February, 2025) Debit $8,000 $750 1,450 29,000 47,000 185,000 37,000 Credit $31,000 17,500 6,500 940 2,120 66,200