Answered step by step
Verified Expert Solution
Question
1 Approved Answer
B o D The adjusted trial balance of BSL, Inc. is presented below. BSL, Inc Adjusted Trial Balance December 31, 2021 Cr. Dr. 28,700 33,700
B o D The adjusted trial balance of BSL, Inc. is presented below. BSL, Inc Adjusted Trial Balance December 31, 2021 Cr. Dr. 28,700 33,700 45,000 1,500 133,000 Cash Accounts Receivable Inventory Supplies Equipment Accumulated Depr.- Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Sales Revenue Cost of Goods Sold Salaries and Wages Expense Utilities Expenses Depreciation Expense Interest Expense Totals 39,000 51,000 48,500 90,000 8,000 5 - 3 4,200 768,200 D 1 578,600 140,000 14,000 15,000 11,000 1,004,700 2 3 4 1,004,700 5 6 27 Required: Journalize the closing entries. Descriptions are not needed. Joumal entries should be entered to the right. (12 points) 19 30 31
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started