Question
Assume that you are the accountant of Sparkle Ltd. Following information from adjusted trial balance is available : Capital..............................$230,000 Revenue.............................$65,000 Unearned Revenue.........$10,000 Bank Loan..........................$50,000 Owner's
Assume that you are the accountant of Sparkle Ltd.
Following information from adjusted trial balance is available :
Capital..............................$230,000
Revenue.............................$65,000
Unearned Revenue.........$10,000
Bank Loan..........................$50,000
Owner's Equity..................$44,000
Choose the correct answer for which journal will be regarded as the closing journal entry for Sparkle Ltd.
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
13th Canadian Edition
1119740460, 978-1119740469
