The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Bridgeport Company...
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The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Bridgeport Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 8,080 Prepaid Rent 2,500 Equipment 22,700 Accumulated Depreciation-Equip. 5,500 Notes Payable 5,700 Accounts Payable 5,500 Common Stock 19,460 Retained Earnings 8,100 Dividends 3,400 Service Revenue 15,000 Salaries and Wages Expense 10,980 Rent Expense 900 Depreciation Expense 700 Interest Expense 888 60 Interest Payable 60 Totals 59.320 59,320 Your answer is correct. Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit Apr. 1) Service Revenue 30 Income Summary (To close revenue account) Apr. 2) Income Summary 30 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense (To close expense accounts) Apr. 3) Income Summary 30 Apr. 4) 30 Retained Earnings (To close net income/(loss)) Retained Earnings Dividends (To close dividends) 15000 12640 2360 3400 15000 10980 900 700 60 2360 3400 (b) Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the previous part of the question.) Income Summary Retained Earnings The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Bridgeport Company Worksheet (Partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 10,000 Accounts Receivable 8,080 Prepaid Rent 2,500 Equipment 22,700 Accumulated Depreciation-Equip. 5,500 Notes Payable 5,700 Accounts Payable 5,500 Common Stock 19,460 Retained Earnings 8,100 Dividends 3,400 Service Revenue 15,000 Salaries and Wages Expense 10,980 Rent Expense 900 Depreciation Expense 700 Interest Expense 888 60 Interest Payable 60 Totals 59.320 59,320 Your answer is correct. Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit Apr. 1) Service Revenue 30 Income Summary (To close revenue account) Apr. 2) Income Summary 30 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense (To close expense accounts) Apr. 3) Income Summary 30 Apr. 4) 30 Retained Earnings (To close net income/(loss)) Retained Earnings Dividends (To close dividends) 15000 12640 2360 3400 15000 10980 900 700 60 2360 3400 (b) Post the closing entries to Income Summary and Retained Earnings. (Post entries in the order of journal entries were recorded in the previous part of the question.) Income Summary Retained Earnings
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