From the following partial worksheet, journalize the closingentries of December 31 for A. Slow Co. Partial Worksheet
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From the following partial worksheet, journalize the closingentries of December 31 for A. Slow Co.
Partial Worksheet for A. Slow Co.
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A. SLOW CO. PARTIAL WORKSHEET FOR THE YEAR ENDED DECEMBER 31, 2019 Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. 19300 36200 56 100 Cash Merchandise Inventory Prepaid Advertising Prepaid Insurance 3000 Office Equipment 108 000 Accum. Dep'n., Office Equip. 21000 Accounts Payable 258 00 A. Slow, Capital 96600 Sales 5520 00 223 00 108 00 Sales Returns and Allowances Sales Discounts 2543 00 1083 00 696 00 48 00 57 00 15 00 30 00 Cost of Goods Sold Salaries Expense Insurance Expense Utilities Expense Plumbing Expense Advertising Expense Dep'n. Expense, Office Equip. Salaries Payable 75 00 4803 00 5520 00 2226 00 1509 00 717 00 Net Income 717 00 55 2000 5520 00 2 22600 2226 00 %3D %3D
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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