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15 Not checked Marked out of 24.00 Flag question Take me to the text The following is Glueman Industries' adjusted trial balance in account order
15 Not checked Marked out of 24.00 Flag question Take me to the text The following is Glueman Industries' adjusted trial balance in account order for the year ended October 31, 2019. Glueman Adjusted Trial Balance October 31, 2019 Account Titles DR CR HP Cash $3,670 Accounts Receivable $2,530 Merchandise Inventory $19,360 Prepaid Rent $8,760 Equipment $43,630 Accumulated Depreciation $760 Accounts Payable $2,210 Unearned Revenue $1,970 Salaries Payable Knope, Capital $2,740 $67,490 Sales Revenue $78,900 Sales Discounts $1,480 Sales Returns and Allowances $530 Cost of Goods Sold $39,450 Depreciation Expense $1,520 Rent Expense $9,320 Salaries Expense $15,260 Utilities Expense Total $8,560 $154,070 $154,070 Do not enter dollar signs or commas in the input boxes. When closing accounts. use the income summary method. To close the expense accounts. enter them in the order presented on the trial balance. Prepare the journal entries to close the appropriate accounts. Date 2019 Oct 31 Account Title and Explanation Oct 31 Close revenue accounts = 0 Close expense accounts Oct 31 Close income summary account Debit Credit
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