The completed work sheet for Gable Insurance Agency is pre- P.O. 1,2,3 sented in the Working Papers.

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The completed work sheet for Gable Insurance Agency is pre- P.O. 1,2,3 sented in the Working Papers.

Instructions 1. Record beginning balances in the ledger. Complete the account names for cap¬

ital, drawing, income, and salaries. Journalize and post adjusting entries.

2. Journalize and post the closing entries with the four steps in the proper sequence.

3. Prepare a post-closing trial balance.

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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