Question
Hello- Please assist in how to resolve Griffin Company had the following adjustedtrial balance: Additional Resources Account Titles Debit Credit Cash 10,460 Accounts Receivable 9,890
Hello-
Please assist in how to resolve
Griffin Company had the following adjustedtrial balance:
Additional Resources
Account Titles Debit Credit
Cash 10,460
Accounts Receivable 9,890
Supplies 6,370
Equipment 47,300
Accumulated Depreciation 9,500
Accounts Payable 4,980
Deferred Rent Revenue 1,690
Capital 43,600
Drawing 14,400
Commission Revenue 40,650
Rent Revenue 5,000
Depreciation Expense 3,200
Utilities Expense 8,000
Supplies Expense 5,800
Total 105,420 105,420
Required:
Prepare the fourthclosing entryto close the Drawing account to the Capital account.
Date Account Title Debit Credit
Dec.31
(Choose one)
Accumulated Depreciation
Accounts Payable
Accounts Receivable
Capital
Cash
Commission Revenue
Depreciation Expense
Drawing
Equipment
Income Summary
Rent Revenue
Supplies Expense
Supplies
Deferred Rent Revenue
Utilities Expense
(Choose one)
Accumulated Depreciation
Accounts Payable
Accounts Receivable
Capital
Cash
Commission Revenue
Depreciation Expense
Drawing
Equipment
Income Summary
Rent Revenue
Supplies Expense
Supplies
Deferred Rent Revenue
Utilities Expense
(Choose one)
Accumulated Depreciation
Accounts Payable
Accounts Receivable
Capital
Cash
Commission Revenue
Depreciation Expense
Drawing
Equipment
Income Summary
Rent Revenue
Supplies Expense
Supplies
Deferred Rent Revenue
Utilities Expense
(Choose one)
Accumulated Depreciation
Accounts Payable
Accounts Receivable
Capital
Cash
Commission Revenue
Depreciation Expense
Drawing
Equipment
Income Summary
Rent Revenue
Supplies Expense
Supplies
Deferred Rent Revenue
Utilities Expense
(Choose one)
Accumulated Depreciation
Accounts Payable
Accounts Receivable
Capital
Cash
Commission Revenue
Depreciation Expense
Drawing
Equipment
Income Summary
Rent Revenue
Supplies Expense
Supplies
Deferred Rent Revenue
Utilities Expense
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