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1. Prepare closing entries in general journal format. 2. Prepare an Income Statement. 3. Prepare a Balance Sheet. 4. Prepare a Statement of retained earnings.

1. Prepare closing entries in general journal format.

2. Prepare an Income Statement.

3. Prepare a Balance Sheet.

4. Prepare a Statement of retained earnings.

image text in transcribed

ACCOUNTING 10022021 Tjarta Bavie File Home Insert Draw Formulas Data Review View Picture Styles Picture Effects Forward Backward ! Group Backward ! Group A Rotate Crop Picture Size Alt Text Reset fi A B D E F G . 1 j K L M N O P Q R 1 1 2 3 4. 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 + Trial Balance Debit Credit Cash 25,369,00 Store (Buildings) 666,999,00 Office Furniture 44,555,00 Inventories 576,366,00 Unexpired insurance 20.000,00 Capital Stock 234,567.00 Retained Earnings 567.765,00 Note Payable 244,000,00 Acc. Payable 100,890,00 Tax Payable 5,000,00 Acc. Depreciation 26,733,00 Acc Depreciation store 166,750,00 Dividend 12,000,00 Sales 1,050,989,00 COGS 996,182,00 Consulting expenses 1,200,00 Insurance expenses 1,000,00 Salary expenses 6,000,00 Utility expenses 4,900,00 Depreciation expense 8.911,00 Store depreciation expense 33,350,00 Tax expense -138 TOTAL 2,396,693,00 2,396,694,00 QUESTIONS A]General Journal B) Adjusting entries C)The company Mediaset 0 ES 03:40

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