Question
Cash$5,000 Accounts Receivable 20,000 Supplies 18,000 Service Revenue 72,000 Accounts Payable 6,000 Salaries Expense 45,000 Equipment 80,000 Deferred Revenue 20,000 Common Stock 90,000 Retained Earnings
Cash$5,000
Accounts Receivable 20,000
Supplies 18,000
Service Revenue 72,000
Accounts Payable 6,000
Salaries Expense 45,000
Equipment 80,000
Deferred Revenue 20,000
Common Stock 90,000
Retained Earnings 2,000
Dividends 12,000
Given the above data: when you close the revenue account or accounts.
you would debit_____ and you would credit_________
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Financial Accounting
Authors: Robert Kemp, Jeffrey Waybright
4th edition
978-0134125053, 9780134114781, 134125053, 134114787, 978-0134436111
