Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Account Title Debit Credit Debit Credit Credit 16.000 5,000 2,000 Debit 16,000 6,000 2,000 19,000 19,000 Accounts Receivable Supplies Equipment Accumulate Depec Accounts Payable Wages

image text in transcribed
Account Title Debit Credit Debit Credit Credit 16.000 5,000 2,000 Debit 16,000 6,000 2,000 19,000 19,000 Accounts Receivable Supplies Equipment Accumulate Depec Accounts Payable Wages able Common Stock Recand aminos Dividende Fees Farned Wapes Expense Hent Expense Depreciation Expense Total 5,000 10,000 2,000 5,000 991 1,000 10,000 2,000 5.000 991 1.000 1,000 51,199 51,199 19.500 6,524 5,146 19,520 6.524 5.146 31,190 75,190 75,190 51,199 44,000 23,991 (Loss) 20,000 20,000 51,199 51,199 44,000 4.000 The effect of closing revenues and expenses to find Eings will be to: Reply 2009 000 cely 3.190 dag 544.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions