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Credit Debit 47,300 10,600 560 750 16,700 9,400 10,760 2,240 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages
Credit Debit 47,300 10,600 560 750 16,700 9,400 10,760 2,240 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (5,700 shares outstanding) Additional paid-in capital Retained earnings Service revenue Wages expense Remaining expenses (not detailed; excludes income tax) Income tax expense Totals 12,000 2,036 18,324 5,900 86,210 16,200 33,240 136, 110 136,110 Data not yet recorded at December 31 included: a. The supplies count on December 31 reflected $210 in remaining supplies on hand to be used in the next year. b. Insurance expired during the current year, $750. c. Depreciation expense for the current year, $4,100. d. Wages earned by employees not yet paid on December 31, $550. e. Income tax expense, $5,780. 3. Record the closing entry. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Transaction General Journal Debit Credit 1 1 Service revenue 86,210 Retained earnings Wages expense Remaining expenses (not detailed) 25,990 16,750 37,690 X 5,780 Income tax expense
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