Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please Seminoles Corporation's fiscal year-endis December 31, 2021. The following is a partial adjusted trial balance as of December 31 Debit C $26.000 $2,600

help please image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Seminoles Corporation's fiscal year-endis December 31, 2021. The following is a partial adjusted trial balance as of December 31 Debit C $26.000 $2,600 Account Retained Earnings Dividends Service devenue Interest Revue Salaries Expense Rent Expense Advertising Expense Deprecation Expense Interest Expense 46,00 5,600 14.60 5.600 2,600 10,00 4,600 Required: 1. Prepare the necessary closing entries of no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the entry to close the revenue accounts. Toenter debit before credit General Journal Debit Crust Date December 31 2021 Record entry Clear entry View general Journal Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31 2021 Record entry Clear entry View general Journal ansaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sawyer's Internal Auditing The Practice Of Modern Internal Auditing

Authors: Lawrence Sawyer, Mortimer Dittenhofer, James Scheiner

5th Edition

0894131788, 978-0894131783

More Books

Students also viewed these Accounting questions