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Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal balance
Calculate the ending balances to update the t-accounts for the next accounting cycle. Be sure to enter all zero balances on the normal balance side and enter balances for permanent accounts! Bright, Capital Dec. 31 17,900 Furniture Dec. 31 16,300 Bal. 16300 Adj. Bal. Income Summary 13,500 Dec. 31 48,900 Adj. Bal Dec. 31 5,000 9,800 Dec. 31 Dec. 31 8,500 40800 Bal. Supplies Expense 700 Bal 0 Accounts Payable 8,500 Bal. Service Revenue 14,100 Adj. Bal. Dec. 31 14,100 Bright, Withdrawals 700 Dec. 31 Adj. Bal. 5,500 1,500 Dec. 31 1500 Bal. 0 Bal. 5,500 Dec. 31 0 Bal
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