Answered step by step
Verified Expert Solution
Question
1 Approved Answer
- Data Table boord Accounts payable $ Accounts receivable Accumulated depreciation, equipment Advertising expense Cash Common stock Current portion of long-term note payable Depreciation expense
- Data Table boord Accounts payable $ Accounts receivable Accumulated depreciation, equipment Advertising expense Cash Common stock Current portion of long-term note payable Depreciation expense equipment Dividends declared Equipment 13,000 Interest expense 16,700 Note payable, long term 6,800 Other assets, long-term 11,400 Prepaid expenses 17,800 Retained earnings, January 31, 2020 8,000 Salary expense 1,500 Salary payable 1,300 Service revenue 14,000 Supplies 42,000 Supplies expense Uneamed service revenue 1,000 15,500 13,800 5,100 13,500 26,500 2,400 94,500 3,000 5,000 2,400 The accounts of Sunny San Bericewy 31, 2011, und hohecal order them the Read the Requirements. Als montre potent, but the longes have not yet been made. Jumatre unny singers 1.2021, the credite toom) Recording to my 2001 Bei by doing the event Jumaly Date Account Dub Credi 1) Jan 31 Next the Jumal Entry Accounts Date Debit Crede Read the requirements - Next, close the expense accounts. Journal Entry Accounts Dato Debit Credit (2) Jan 31 Now close the dividends account. Journal Entry Accounts Debit Credit Date 31 Date Du Cr 31 Mandrement 2. At Binet innen haben wir die twee. Powo motore. Then the sumy o kome tereyway, and we catered Paninge? Post the most country in the presenter Requirement. Det tar megye Waddene The accounts of Sunny Stream Services, Inc. at January 31, 2021, arested in alphabetical order Click the loan to view the count) Read the requirements Requirement 2. AT-account for Retained Earnings has been set up for you. Post to that account. Then calculate Sunny Stream's net income for the year ended January 31, 2021. What's the ending be Post the beginning balance and closing entries to Retained Eamings in the Taccount by selecting the respective posting references and then entering the correct amounts Delmine the ending balang Retained Earrings The net income for 2021 was Requirement 3. Did Retained Earnings increase or decrease during the year? What caused the increase or decrease? Retained Eamings during 2021 because
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started