Worksheet data for DeSousa Company are presented in E4.2. Instructions a. Journalize the closing entries at April

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Worksheet data for DeSousa Company are presented in E4.2.


Instructions

a. Journalize the closing entries at April 30.
b. Post the closing entries to Income Summary and Retained Earnings. (Use T-accounts.)
c. Prepare a post-closing trial balance at April 30.

Worksheet from E4.2

DeSousa Company Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Dr. Cr. Account Titles Dr. Cr. Dr. Cr. Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent


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Related Book For  book-img-for-question

Financial and Managerial Accounting

ISBN: 978-1119392132

3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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