Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr Cr Dr

image text in transcribed

Alert Security Services Co. End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Income Statement Balance Sheet Account Title Dr Cr Dr Cr Dr Cr. 12 Accounts Receivable Supplies Prepaid Insurance Land Equipment Accum. Depr.-Equipment Accounts Payable Wages Payable Brenda Schultz, Capital Brenda Schultz, Drawing Fees Earned Wages Expense Rent Expense Insurance Expense Utilities Expense Supplies Expense Depreciation Expense Miscellaneous Expense Totals 103 190 50 36 260 213 12 10 517 517 Prepare the two closing entries for Alert Security Services Co. For a compound transaction, if an amount box does not require an entry leave it blank. Close revenues, expenses& income/loss Accounts Receivable 103 Prepaid Insurance Land Accounts Payable Brenda Schultz, Drawing Brenda Schultz, Capital Close drawing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Financial Accounting A Business Process Approach

Authors: Jane L Reimers

2nd Edition

131473867, 978-0131473867

More Books

Students also viewed these Accounting questions

Question

How does selection differ from recruitment ?

Answered: 1 week ago