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For the following adjusted TB prepare the closing entries. Numbers should be formatted xxxxx (no symbols or commas) Accounts should appear in the journals as
For the following adjusted TB prepare the closing entries. Numbers should be formatted xxxxx (no symbols or commas) Accounts should appear in the journals as they appear in the Adjusted Trial Balance. Adjusted Trial Balance Dr count Cash Accounts Recelvable At Bank 1000 780 Inventory Accounts Payable Capital Account Drawings Income Summary Service Revenue Bank Fees Rent Expense Salary Expense 5650 500 15 12 32 Dr ero out revenue accounts Dr Zero out expense accounts Dr Cr Transfer profit to Capital Account Dr Cr Transfer Drawings to Capital Account
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