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create the closing journal entries ffrom this trial balance debit credit cash 54,650 accounts receivable 28,750 prepaid insurance 8,000 land 22,000 accounts payable 14,300 salaries
create the closing journal entries ffrom this trial balance
debit credit
cash 54,650
accounts receivable 28,750
prepaid insurance 8,000
land 22,000
accounts payable 14,300
salaries payable 4,250
common stock 50,000
retained earnings 38,900
dividends 36,000
service revenue 257,350
insurance expense 32,000
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