Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blossom Company shows the following balances in selected accounts of its adjusted trial balance. Supplies $26,880 5,040 Supplies Expense Accounts Receivable 10,080 Dividends 18.480

Blossom Company shows the following balances in selected accounts of its adjusted trial balance. Supplies $26,880 5,040 Supplies Expense Accounts Receivable 10,080 Dividends 18.480 Retained Earnings Service Revenue Salaries and Wages Expense 58,800 90,720 33,600 Utilities Expense Rent Expense 6,720 15,120 Prepare the remaining closing entries at December 31. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec. 31 (To dose revenue to income summary) Dec. 31 (To dose expenses to income summary) Dec. 31

Step by Step Solution

3.54 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

Date Accant Titles and Expleinctiom Debit Dec 31 Jervice Reuonue 90720 To Inume Summary 9072... 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

Step: 3

blur-text-image

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

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

What is an insurable interest? Why is it important?

Answered: 1 week ago