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Answer question as well: What total debits were posted to the general ledger to complete all closing entries for the month of December? Income Statement
Answer question as well: What total debits were posted to the general ledger to complete all closing entries for the month of December?
Income Statement Debit Credit Account Name Cash Accounts receivable Supplies Prepaid advertising Equipment Accumulated depreciation Equipment Accounts payable Shara Johns, Capital Shara Johns, Drawing Fees income Salaries expense Utilities expense Supplies expense Advertising expense Depreciation expense-Equipment Totals Net income At Home Pet Grooming Service Worksheet Month Ended December 31, 2019 Trial Balance Adjustments Adjusted Trail Balance Debit Credit Debit Credit Debit Credit $ 64,100 $ 64,100 10,900 10,900 12,000 4,200 7,800 8,000 3,800 3,800 4,200 42,000 42,000 1,160 1,160 12,000 12,000 91,000 91,000 6,000 6,000 53,200 53,200 11,600 11,600 1,600 1,600 4,200 4,200 3,800 3,800 1,160 1,160 $ 156,200 $ 156,200 $ 9,160 $ 9,160 $ 157,360 $ 157,360 Balance Sheet Debit Credit $ 64,100 10,900 7,800 4,200 42,000 1,160 12,000 91,000 6,000 53,200 11,600 1,600 4,200 3,800 1,160 $ 22,360 30,840 $ 53,200 $ 53,200 $ 135,000 $ 104,160 30,840 $ 135,000 $ 53,200 $ 135,000 Post the adjusting entries and the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Account No. 121 Credit Balance Account No. 131 Credit Balance Debit Supplies Date Dec 31, 2019 Dec 31, 2019 Prepaid Advertising Date Debit Dec 31, 2019 Dec 31, 2019 Accumulated Depreciation- Equipment Date Debit Dec 31, 2019 Account No. 142 Credit Balance Account No. 301 Credit Balance Shara Johns, Capital Date Debit Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Account No. 302 Credit Balance Account No. 309 Credit Balance Shara Johns, Drawing Date Debit Dec 31, 2019 Dec 31, 2019 Income Summary Date Debit Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Account No. 401 Credit Balance Account No. 511 Credit Balance Fees Income Date Debit Dec 31, 2019 Dec 31, 2019 Salaries Expense Date Debit Dec 31, 2019 Dec 31, 2019 Account No. 514 Credit Balance Account No. 517 Credit Balance Utilities Expense Date Debit Dec 31, 2019 Dec 31, 2019 Supplies Expense Date Debit Dec 31, 2019 Dec 31, 2019 Account No. 523 Account No. 526 Depreciation Expense- Equipment Date Debit Dec 31, 2019 Dec 31, 2019 Credit Balance Credit Balance Advertising Expense Date Debit Dec 31, 2019 Dec 31, 2019
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