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Based on the following adjusted trial balance, prepare the closing entries for Peter's Cafe on December 31, 2019. Debit Credit Cash $11,765 Credit Card Receivables
| Based on the following adjusted trial balance, prepare the closing entries | |||
| for Peter's Cafe on December 31, 2019. | |||
| Debit | Credit | ||
| Cash | $11,765 | ||
| Credit Card Receivables | 3,500 | ||
| Prepaid insurance | 1,900 | ||
| Equipment | 15,600 | ||
| Accumulated Depreciation - Equipment | $3,900 | ||
| Accounts payable | 6,800 | ||
| Salary payable | 1,500 | ||
| Accrued accounts payable | 800 | ||
| Pete, Capital | 22,900 | ||
| Pete, Withdrawals | 5,200 | ||
| Sales revenue | 8,790 | ||
| Advertising expense | 2,550 | ||
| Depreciation expense-equipment | 1,375 | ||
| Utilities expense | 2,800 | ||
| Total | $44,690 | $44,690 | |
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Environmental Health And Safety Audits A Compendium Of Thoughts And Trends
Authors: Lawrence B. Cahill
2nd Edition
1598889737, 978-1598889734
