Question
15.The adjusted trial balance of LINK Co. follows: LINK Co. Adjusted Trial Balance May 31 2019 Balance Account Title Debit Credit Cash $14,300 Office Supplies
15.The adjusted trial balance of LINK Co. follows: LINK Co. Adjusted Trial Balance May 31 2019
Balance Account Title Debit Credit Cash $14,300 Office Supplies 2,400 Prepaid Rent 1,400 Equipment 45,000 Accumulated Depreciation-Equipment $ 6,100 Accounts Payable 4,500 Salaries Payable 300 Unearned Revenue 4,500 Notes Payable (long-term) 5,300 Link, Capital 32,600 Link, Drawing 800 Service Revenue 16,800 Salaries Expense 3,600 Rent Expense 1,400 Depreciation Expense-Equipment 400 Supplies Expense 200 Utilities Expense 600 Total $70,100 $70,100 Assume LINK Co. has a May 31 year end. Journalize LINK Co.s closing entries at May 31.
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