This is a partial adjusted trial balance of Barone Company. BARONE COMPANY Adjusted Trial Balance January...
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This is a partial adjusted trial balance of Barone Company. BARONE COMPANY Adjusted Trial Balance January 31, 2014 Supplies Prepaid Insurance Salaries and Wages Payable Unearned Service Revenue Supplies Expense Insurance Expense Salaries and Wages Expense Service Revenue Debit $ 897 1,569 803 523 1,700 Credit $1,085 802 4,456 Prepare the closing entries at January 31, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Unearned Service Reve Service Revenue (To close revenue account) Supplies Expense Insurance Expense Salaries and Wages Expen Salaries and Wages Pay (To close expense accounts) Supplies Prepaid Insurance (To close net income / (loss)) Debit 803 523 1700 897 1569 Credit 802 4456 1085 This is a partial adjusted trial balance of Barone Company. BARONE COMPANY Adjusted Trial Balance January 31, 2014 Supplies Prepaid Insurance Salaries and Wages Payable Unearned Service Revenue Supplies Expense Insurance Expense Salaries and Wages Expense Service Revenue Debit $ 897 1,569 803 523 1,700 Credit $1,085 802 4,456 Prepare the closing entries at January 31, 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Unearned Service Reve Service Revenue (To close revenue account) Supplies Expense Insurance Expense Salaries and Wages Expen Salaries and Wages Pay (To close expense accounts) Supplies Prepaid Insurance (To close net income / (loss)) Debit 803 523 1700 897 1569 Credit 802 4456 1085
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Service Revenue 4456 Income Summary 4456 To close the r... View the full answer
Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Posted Date:
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