Closing entries

Instructions:

Record closing entries in the general journal. Post the closing entries from the general journal to the relevant general ledger accounts. Record the final closing balance of each ledger account in the Post-Closing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Post-Closing Balance row must still be filled out in order receive full points.

Remember: Enter all answers to the nearest whole dollar.

GENERAL LEDGER PRE CLOSING Account: Cash Account No. 100 Date Description Ref Debit Credit Balance Jun 1 Capital contributed by Celia Davisson 99,000 99.000 DR Jun 1 Purchase of equipment 56,000 43.000 DR Jun 1 Received cash loan 198.000 241.000 DR Jun 1 Prepaid rent 10,560 230,440 DR 234,840 DR Jun 4 Service revenue 4.400 Jun 6 Paid telephone expense 210 234.630 DR Jun 9 Revenue received in advance 6.700 241,330 DR Jun 17 Paid staff wages 235,030 DR 6.300 237,230 DR Jun 18 Collection of accounts receivable 2.200 Jun 21 Cash withdrawal by Celia Davisson 2.000 235,230 DR 233,430 DR Jun 26 Paid office supplies 1.800 236,230 DR Jun 26 Service revenue 2.800 Jun 30 Adjusted Balance 236,230 DR Account: Accounts Receivable Account No. 110 Date Description Ref Debit Credit Balance Jun 9 Service revenue 5.900 5.900 DR Jun 18 Collection of accounts receivable 2.200 3,700 DR Jun 25 Service revenue 6.100 9.800 DR Jun 30 Accrued revenue 3.200 13,000 DR Jun 30 Adjusted Balance 13000 DR Account: Office Supplies Account No. 130 Date Description Ref Debit Credit Balance 3,000 DR 2 purchase of office supplies Jun 30 Supplies used Jun 30 Adjusted Balance 1,170 DR Account: Prepaid Rent Account No. 140 Date Description Ref Debit Credit Balance 1 Prepaid rent Jun 30 Rent expired Jun 30 Adjusted Balance 7,040 DR