Question
can you please help me solve this? Using the adjusted account balances listed below. complete the following for Services: a. Closing journal entries b. Calculate
can you please help me solve this?
Using the adjusted account balances listed below. complete the following for Services: a. Closing journal entries b. Calculate Net Income (There's no need to prepare an Income Statement, but show your work & use labels) c. Update the Retained Eamings balance to reflect the closing entries (There's no need to prepare a Statement of Retained Earnings. but show your work & use labels) d. Prepare a Balance Sheet that classifies accounts by category (include heading). Da Services' account balances (taken from the Adjusted Trial Balance) as Of Accounts Pa able Accounts Receivable Accumulated De ation-E u ment Cash Revenue De eciation nse-E ui E u ment Retained Earnin s Dividends Land Miscellaneous Ex Salaries Ex nse E4?eose Common Stock nt 3 ooo 10000 3,500 14,700 36 ooo 1 .ooo 17 000 39,000 5,000 23 000 3.000 9 000 a 800 6 ooo
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