Entries and Balance Sheet for Partnership Instructions Chart of Accounts Labels and Amount Descriptions Journal Balance Sheet x 410 Revenues EXPENSES Chart of Accounts 110 Cash 112 Accounts Receivable 113 Allowance for Doubtful Accounts 116 Merchandise Inventory 117 Office Supplies 119 Prepaid Insurance 120 Land 123 Equipment 124 Accumulated Depreciation-Equipment 510 Expenses 521 Advertising Expense 522 Depreciation Expense-Equipment 529 Selling Expenses 533 Insurance Expense 534 Office Supplies Expense 536 Credit Card Expense 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense LIABILITIES 210 Accounts Payable 211 Notes Payable 212 Interest Payable 213 Sales Tax Payable I EQUITY 310 Renee Wallace, Capital 311 Renee Wallace, Drawing 312 Ere Kone, Capital 313 Ere Kare Drawing Check My Work 3 more Check My Work uten maining Previous All work saved Email instructor Save and Exit Submit Assignment Book Show Me How Print Item Entries and Balance Sheet for Partnership Instructions Chart of Accounts Labels and Amount Descriptions Journ Labels and Amount Descriptions x Labels Current assets Current liabilities For the Year Ended March 1, 20Y8 March 1, 20Y8 Property, plant and equipment Amount Descriptions Total assets Total current assets Total liabilities Total liabilities and members' equity Total liabilities and partners' equity Total members' equity Total partners' equity Entries and Balance Sheet for Partnership Instruction Chart of Accounts Labels and Amount Descriptions Journal Balance Sheet Journal 1. Joumalize the entries on March 1 to record the investments of Koone and Watacoin the partnership accounts. Pofor to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered PAGES JOURNAL ACCOUNTING EQUATION DATE DESCRPTION POST. REF DEST CREDIT ASSETS LIAGLITIES EQUITY 1 1 5 4 Check My Work more Check My Worlunes remaining Previous Next All work saved Email Instructor Save and EXK Submit Assignment for Grading Instructions Chart of Accounts Labels and Amount Descriptions Journal Balance Sheet Journal 3. Ahor adjustments at February 28, 20Yo, the end of the first full year of operations, the revenues were $298,300 and expenses were $208,700, for a net income of $89,600. The drawing accounts have debit balances of $27,870 (Keene) and $30,730 (Wallace). Joumalzethe entries to close the revenues and expenses and the drawing accounts at February 2 2019. Rolor to the chart of accounts for the exact wording of the account mes, CNOW joumais do not use lines for journal explanations. Every fine on a journal page is used for debit credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered. It required, round your answers to two decimal places. PAGE 30 JOURNAL ACCOUNTING EQUATION DATE POST. REY DEBIT CREDIT ASSETS LIABILITIES EQUITY DESCIUPTION Closing Entries 1 2 1 . Check My Work more Check My Work uses romaining Previous Next eBook Show Me How Printer Balance Sheet 2. Prepare a balance sheet as of March 1, 20Y8, the date of formation of the partnership of Keene and Wallace. Be sure to complete the statement heading. Refer to the Chart of Accounts and the int of Label and Amount Descriptione provided for the cunct wording of the answer choloos for tout entries. Enter annent assets in order of liquidity: Lesot "did", or colons () will automatically appear if required. Enteral amounts as positive numbers, Keene and Wallace Balance Sheet (Label) 1 el M 5 . 1 11 Us Check My Work 3 more Check My Work uses remaining Email Instructor Save and Lot Submit Assignment for Gradine Journal 3. After adjustments at February 28, 209, the end of the first full year of operations, the revenues were $298,300 and expenses were 5208,700, fora net income or $89.600. The drawing accounts have debir balances of $27.870 (Koon) and $30,730 (Wallace). Journalismo entries to close the revenues and expenses and the drawing accounts at February 28, 2079. Refer to me chart of accounts for the exact wording of the account miles. CNOW joumats do not use lines for youmal explanations. Every line on a journal page is used for debit car credit entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered if required, round your answers to two decimal places PAGE 20 JOURNAL ACCOUNTING EQUATION DATE POST. REF. DET CREDIT ASSETS LABILITIES EQUITY DESCRIPTION Closing Entries 1 1 Check My Workmore Check My Wants remaining Previous Next > Emains Save and EAK Submit Answert for Gradient eBook Show Me How Print Item Entries and Balance Sheet for Partnership Instructions Chart of Accounts Labels and Amount Descriptions Journal Balance Sheet Balance Sheet Keene and Wallace Balance Sheet (Label) Assets 2 (Label) 5 4 5 6 7 1 label) 9 10 11 Liabilities 3 14 15 Check My Work 3 more Check My Work uses remaining. Email Instructor Save and Exit Entries and Balance Sheet for Partnership Instructions Chart of Accounts Labels and Amount Descriptions Journal Balance Sheet Balance Sheet 4 5 6 1 + (Label) 10 Labilities 14 Partners' Equity 10 Check My Work more Check My Work uses remaining Email Instructor Save and Ex