From the following information, journalize the last two closing P 0 4 entries, and present a statement of owners equity for Reece Company T H Reece, Capital Income Summary Dec 31 Adj 192,000 Dec 31 Adj 204,000 Jan 1 Bal Apr 7 440,000 16,000 Dec 31 Closing 410,000 Dec 31 Closing 490,000 T H Reece, D...

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From the following information, journalize the last two closing P.0.4 entries, and present a statement of owners

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From the following information, journalize the last two closing P.0.4 entries, and present a statement of owner’s equity for Reece Company:

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 27, 2024 02:15 AM

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From the following information, journalize the last two closing P.0.4 entries, and present a statement of owners

Question:

T. H. Reece, Capital Income Summary + Dec. 31 Adj. 192,000 Dec. 31 Adj. 204,000 Jan. 1 Bal. Apr. 7 440,000 16,000 Dec. 31 Closing 410,000 Dec. 31 Closing 490,000 T. H. Reece, Drawing + Mar. 1 Dec. 9 32,000 37,000

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College Accounting Chapters 1-26

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