Data Table - X Cash $ 3,460 3,300 10,000 25,760 2,200 2.300 2,800 1,500 Accounts Receivable Prepaid Rent Office Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable Notes Payable (long-term) Common Stock Retained Earnings, January 1 Dividends Service Revenue Depreciation Expense-Equipment Salaries Expense Rent Expense Utilities Expense Supplies Expense 35.400 1.900 700 300 4.900 400 7.800 800 200 Print Done I Boxford Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances (Click the icon to view the account balances) 14. Prepare the closing entries for Boxford at December 31 15. What is the balance of Retained Earnings after closing entries have been recorded? (Use a T-account to determine the balance) 14. Prepare the closing entries for Boxford at December 31 (Record debits first, then credits. Select the explanation on the last line oft First we will close the Service Revenue account Date Accounts and Explanation Debit Credit Clos (1) Next we will close the expense accounts Boxford Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances Click the icon to view the account balances.) 14. Prepare the closing entries for Boxford at December 31 15. What is the balance of Retained Earnings after closing entries have been recorded? (Use a T-account to determine the balar Next we will close the expense accounts Date Accounts and Explanation Debit Credit Clos (2) Choose from any list or enter any number in the input nelds and then continue to the next question Boxford Auto Repair had the following account balances after adjustments. Assume all accounts had normal balances Click the icon to view the account balances) 14. Prepare the closing entries for Boxford at December 31 15. What is the balance of Retained Earnings after closing entries have been recorded? (Use a T-account to determine the balance) Now we will close the Income Summary account Date Accounts and Explanation Debit Credit Clos. (3) Finally close the Dividends account Boxford Auto Repair had the following account balance after adjustments Assume accounts had normal balances (Click the icon to view the account balances) 14. Prepare the closing entries for Boxdord at December 31 15. What is the balance of Retained Earnings after doing entries have been recorded? (the T-account to determine the balance) Finally close the Dividends account Accounts and Explanation Clos (4) Debt Credit 15. What is the balance of Retained Earnings after doing entries have been recorded? Use a Taccount to determine the balance Use Clos"and the corresponding number as shown in the puna wysporting references-"Clos (tClos 28 etc. The adjusted balance of this account has been entered for you. Post any closing entries to this account and then calculate the post closing balance of the actor 14. Prepare the closing entries for Boxdord at December 31 15. What is the balance of Retained Earnings for desing entries have been recorded? (une account to determine the balance 15. What is the balance of Retained Earnings after closing entries have been recorded? ( Uaccount to determine the balance Use Clos" and the corresponding numbers shown in type reference - Clos (tr "Clos 25. The adjusted balance of this account has been entered for you Put any closing entiles to this account and then cabe the perdoringbatarea con Retained Earnings 25760 Bal
