Question
Data table Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Quality Business Systems Adjusted Trial Balance March 31, 2018 Accumulated Depreciation-Equipment Accounts
Data table Account Title Cash Accounts Receivable Merchandise Inventory Office Supplies Equipment Quality Business Systems Adjusted Trial Balance March 31, 2018 Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Notes Payable, long-term Common Stock Retained Earnings Dividends Sales Revenue Print Done Sy Requirements Se Balance IP. Debit Credit 4,400 13.100 31,000 6,900 42,800 $ 13,400 9,400 1,100 7,900 15,000 11,900 43.000 232,000 1. Joumalize the required closing entries at March 31, 2018. 2. The following T-accounts have been set up: Income Summary; Retained Earnings; and Dividends. Post the closing entries to the T-accounts, and calculate their ending balances. 3. How much was Quality's net income or net loss? Print Done Next
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