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Exercise 4-07 a-b (Video) Pronghorn Company had the following adjusted trial balance. Pronghorn Company Adjusted Trial Balance June 30, 2020 Adjusted Trial Balance Account Titles
Exercise 4-07 a-b (Video)
Pronghorn Company had the following adjusted trial balance.
Pronghorn Company Adjusted Trial Balance June 30, 2020 | ||||
Adjusted Trial Balance | ||||
Account Titles | Debit | Credit | ||
Cash | $3,790 | |||
Accounts Receivable | 3,800 | |||
Supplies | 530 | |||
Accounts Payable | $1,900 | |||
Unearned Service Revenue | 170 | |||
Common Stock | 4,100 | |||
Retained Earnings | 760 | |||
Dividends | 410 | |||
Service Revenue | 4,750 | |||
Salaries and Wages Expense | 1,200 | |||
Miscellaneous Expense | 240 | |||
Supplies Expense | 2,150 | |||
Salaries and Wages Payable | 440 | |||
$12,120 | $12,120 |
Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
June 30 | |||
(To close revenue account) | |||
June 30 | |||
(To close expense accounts) | |||
June 30 | |||
(To close net income / (loss)) | |||
June 30 | |||
(To close dividends) |
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