can someone help with the journal closing entries and post closing balance sheet? thank you.
4 D E H N B Balance Sheet ASSETS U 84,500 245,875 570,000 50,200 4,800 4,000 3 9 959,375 569,500 70,700 Current Assets: Cash Accounts receivable Merchandise inventory Estimated returns inventory Prepaid insurance Store supplies 10 Total current assets 11 Property, plant, and equipment: 12 Store equipment 13 less accumulated depreciaton 14 Total properyt, plant, and equipment 15 Total assets 16 17 LIABILITIES 18 Current Liabilities 19 Accounts payable 20 Salaries payable 21 Customers Refunds Payable 22 Total liabilities 23 24 Owner's Equity 25 Capital 26 total owners equity 27 Total Liabilities and owners equity 28 Adjusted Trial Balance Income Statement and OE Ready 498,800 1,458,175 63,150 13,600 89,270 166,020 1,292,144 1,292,144 1,458,164 Balance Sheet Journal Closing Entries Post-Sensing Journal Page 23 Date Description Post Ref Debit Credit Adjusted Trial Balance Income Statement and OE Balance Sheet Journal Closing Entries Post Closing Option... Search O EL Ob B D H K N Post-Closing Balance Sheet Debit Balance Credit Balance 3 Cash 4 Accounts Receivable 5 Merchandise Inventory 6 Estimated Returns Inventory 7 Prepaid Insurance 8 Store Supplies 9 Store Equipment 10 Accumulated Depreciation Store Equipment 11 Accounts Payable 12 Salaries Payable 13 Customers Refunds Payable 14 Capital 15 16 17 Income Statement For the Year Ended 5,316,205 2,991,950 2,324,244 1 2 3 727,800 292,000 14,000 9,800 12,600 1,056,200 Sales Cost of merchandise sold Gross Profit Expenses: Selling expenses: sales salaries expense Adverstising expens Depreciation expense Store supplies espense 4 Miscellaneouse selling expense 15 Total selling expenses 16 Administrative expenses: 17 office salaries expense 18 Rent expense 19 Insurance Expense 20 Miscellaneious administrative expense 21 Total administrative expense 22 Total expenses 23 Net income 24 25 26 27 28 417,700 88,700 12,000 7,800 526,200 1,582,400 741,844 Adjusted Trial Balance Income Statement and OE Balance Sheet Journal Closing Entries Post-Closing C Statement of Owner's Equity For the Year Ended 685,300 28 29 30 31 32 Capital, 33 Net Income for the Year 34 Less withdrawals 35 Increase in owner's equity 36 Capital 37 38 39 40 741,844 135,000 606,844 1,292,144 41 42 43 44 4 D E H N B Balance Sheet ASSETS U 84,500 245,875 570,000 50,200 4,800 4,000 3 9 959,375 569,500 70,700 Current Assets: Cash Accounts receivable Merchandise inventory Estimated returns inventory Prepaid insurance Store supplies 10 Total current assets 11 Property, plant, and equipment: 12 Store equipment 13 less accumulated depreciaton 14 Total properyt, plant, and equipment 15 Total assets 16 17 LIABILITIES 18 Current Liabilities 19 Accounts payable 20 Salaries payable 21 Customers Refunds Payable 22 Total liabilities 23 24 Owner's Equity 25 Capital 26 total owners equity 27 Total Liabilities and owners equity 28 Adjusted Trial Balance Income Statement and OE Ready 498,800 1,458,175 63,150 13,600 89,270 166,020 1,292,144 1,292,144 1,458,164 Balance Sheet Journal Closing Entries Post-Sensing Journal Page 23 Date Description Post Ref Debit Credit Adjusted Trial Balance Income Statement and OE Balance Sheet Journal Closing Entries Post Closing Option... Search O EL Ob B D H K N Post-Closing Balance Sheet Debit Balance Credit Balance 3 Cash 4 Accounts Receivable 5 Merchandise Inventory 6 Estimated Returns Inventory 7 Prepaid Insurance 8 Store Supplies 9 Store Equipment 10 Accumulated Depreciation Store Equipment 11 Accounts Payable 12 Salaries Payable 13 Customers Refunds Payable 14 Capital 15 16 17 Income Statement For the Year Ended 5,316,205 2,991,950 2,324,244 1 2 3 727,800 292,000 14,000 9,800 12,600 1,056,200 Sales Cost of merchandise sold Gross Profit Expenses: Selling expenses: sales salaries expense Adverstising expens Depreciation expense Store supplies espense 4 Miscellaneouse selling expense 15 Total selling expenses 16 Administrative expenses: 17 office salaries expense 18 Rent expense 19 Insurance Expense 20 Miscellaneious administrative expense 21 Total administrative expense 22 Total expenses 23 Net income 24 25 26 27 28 417,700 88,700 12,000 7,800 526,200 1,582,400 741,844 Adjusted Trial Balance Income Statement and OE Balance Sheet Journal Closing Entries Post-Closing C Statement of Owner's Equity For the Year Ended 685,300 28 29 30 31 32 Capital, 33 Net Income for the Year 34 Less withdrawals 35 Increase in owner's equity 36 Capital 37 38 39 40 741,844 135,000 606,844 1,292,144 41 42 43 44
