RYAN COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment...

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RYAN COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Dr. Before Adjustment $10,900 8,800 2,500 4,000 16,000 2,800 17,000 0 10,800 0 0 $72,800 Cr. $3,600 5,800 0 1,800 10,000 5,500 34,000 12,100 Dr. After Adjustment $10,900 9,400 500 2,500 16,000 2,800 18,100 2,000 10,800 1,500 Cr. $4,800 5,800 1,100 800 10,000 5,500 34,600 13,100 1,200 $72,800 $75,700 $75,700 4 Prepare the closing entries for the temporary accounts at August 31. (If no entry is required, select "No Entry for the account titles and enter o for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Aug. 31 Aug. 31 Account Titles and Explanation Aug. 31 (To close revenue accounts) Aug. 31 (To close expense accounts) (To close income / (loss)) (To close dividends) Debit 100 1 Credit GO ECUATO DO D RYAN COMPANY Trial Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Dr. Before Adjustment $10,900 8,800 2,500 4,000 16,000 2,800 17,000 0 10,800 0 0 $72,800 Cr. $3,600 5,800 0 1,800 10,000 5,500 34,000 12,100 Dr. After Adjustment $10,900 9,400 500 2,500 16,000 2,800 18,100 2,000 10,800 1,500 Cr. $4,800 5,800 1,100 800 10,000 5,500 34,600 13,100 1,200 $72,800 $75,700 $75,700 4 Prepare the closing entries for the temporary accounts at August 31. (If no entry is required, select "No Entry for the account titles and enter o for the amounts, Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Aug. 31 Aug. 31 Account Titles and Explanation Aug. 31 (To close revenue accounts) Aug. 31 (To close expense accounts) (To close income / (loss)) (To close dividends) Debit 100 1 Credit GO ECUATO DO D

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