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Credit Description Purchases Carriage inward Wages Salaries General expense Cash Premises Furniture Stock Drawing Account Receivable Sales/revenue Owner's Equity Notes Payable Creditors Salaries Payable Debit
Credit Description Purchases Carriage inward Wages Salaries General expense Cash Premises Furniture Stock Drawing Account Receivable Sales/revenue Owner's Equity Notes Payable Creditors Salaries Payable Debit 720 930 1560 1220 300 1630 6500 1500 550 70 1200 5000 9500 700 240 740 Total $ 16180 $ 16180 Adjustments: 1. Stock at 315, December was valued at $320 2 General expenses of $150 paid for a year. 3. A debt of $100 is to be written off as bad debt 4. Unpaid salaries during the 2020 was $140 REQUIREMENTS Make the complete worksheet. Pass adjusting and closing entries. Make post.closing trial balance
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