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can you do journal closing entries for the following accounts? Instructions: The balances in your T-Accounts tab have been automatically brought into your closing T-Accounts.
can you do journal closing entries for the following accounts?
Instructions: The balances in your "T-Accounts" tab have been automatically brought into your closing T-Accounts. Post the closing journal entries in your T-Accounts here to close your temporary accounts to zero and to calculate the ending balance in retained earnings General Ledger 340 Retained Earnings 400-Sales Revenue 410 Interest Revenue 73,230,000 65,421,000 73,230,000 65,421,000 405 Rent Revenue 510 Depreciation Expense 500 Cost of Goods Sold 415 Loss on Sale of Equipment 4,000 19,600,000 19,600,000 520 Bad Debt Expense 518 Amortization Expense 540 Salari Expense 7,500,000 7,500,000 560 Insurance Expense 599 Income Tax Expense 600 Dividends 2,000,000 8,000 2,000,000 8,000Step by Step Solution
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