5 min challenge

Match the right answers with the questions The adjusted trial balance of Richardson Electric at May 31, 2015 is as follows: s Cash Prepaid insurance Equipment Accumulated depreciation equipment Salaries payable Mitch Richardson capital Mitch Richardson, withdrawak Repair fees camed Unearned repair fees Insurance expense Deprecation expense Total Richardson Electric Trial Balance May 31, 2015 Debat Credit 9.000 2.500 18,300 3.600 2.000 13.700 9.000 23.800 1.200 1.800 3.700 44.300 S #1.300 $ Prepare the necessary closing entries at May 31. Column A Column B 1. Income Statement (Net income) a. $ 23,000 2. Change In Equity b. $ 26,200 3 Total Liabilities C. 5.3.200 4 Total assets di $ 18,300