Homework: Week Four: Chapter 5: Exercises core: 0 of 1 pt 11 of 11 (8 complete) Hw Score: 54.70% E5A-29 (similar to) Cruiser Bost Supply uses the periodic inventory method. The adjusted trial baiance of Cruiser Boat Supply at December 31, 2016, follows EB (Click the loon to view the adjusted trial balance) Read the teauiremenss Data Tabl Cruiser Boat Supply Adjusted Trial Balanee December 31,2016 Requirement 1. Journalize the required closing entries at December 31., 2016 Assure ending Merchandse Inveneory is $3,50 Start ty closing revenues and other credit ccounts tor the period (Record de Account Tite Cash Accoures Recevabe Menchandise inventory egning Accounts and Explanation 5.100 Dec. 31 6 Cos. (1) Accounts Payable 9.200 119.300 dmiisive Expense Salaries Pay Notes Payable ne Aiston, Capa 12.300 Income Summary nterest Revenue Sales Reve Merchandise inventory (ending Notes Payable, long-term Office Supplies Purchase Discounts Choose from an Salaes Payable 5% 1 1 mework: Week Four: Chapter 5: Exercises re: 0 of 1 pt A-29 (similar to) ruiser Boat Supply uses the periodic inventory method. The adjusted trial baiance of Cruiser Boat Supply at December 31, 2016, follows 11 of 11(8 complete) HW Score Data Table (cick the icon to view the adusted trial balance ) Read the teovitemects Office Suppies 8100 59 200 Requirement 1. Journalize the required closing Start by closing revenues and other credit accounts for the period entries at December 31, 2016 Assume ending Merchandise invetory is $53,500 (Record de s 18.100 Accoures Payable Salaries Payabie Notes Paysble, long-erm Alston, Cap Astion, withdrawals 12,800 .600 2,100 55,000 Dec. 33 Accounts Paystle Clos. (1) 120 000 Administralive Expense Aiston, Capal Sales Retums and Allowances Saies Disceunts nterest Revenue 1000 2000 Income Summary inerest Revenue Merchandise Iinventory lending) Seling Expense Salaries Payale Choose tom an Sales soues heck Answr Clea. Cruiser Boat Supply uses the periodic inventory method. The adjusted trial balance of Cruiser Boat Supply at December 31, 2016, ollows: EB (Click the icon to view the adjusted trial balance.) periodic inventory method. The adjusted trial balance of Cruiser Boat Supply at Read the requirements Requirement 1. Journalize the required closing entries at December 31, 2016. Assume ending Merchandise Inventory is $53,500. (Record de Start by closing revenues and other credit accounts for the period Date Accounts and Explanation Debit Credit Dec. 31 Clos. (1) To close expenses and other debit accounts To close Income Summary To close revenues and other credit accounts To close withdrawals Choose from any list or enter any number in the input fields and then click Chant a Data Table Cruiser Boat Supply Adjusted Trial Balance December 31, 2016 Balance Account Title Debit Credit Cash Accounts Receivable Merchandise Inventory (beginning) Office Supplies Equipment 3,900 15,100 44 100 8,100 59,200 Accumulated Depreciation-Equipment 19,100 12,800 1.600 Accounts Payable Salaries Payable Notes Payable, long-term Alston, Capital Alston, Withdrawals Sales Revenue Sales Retuns and Allowances 60.500 Data Table Office Supplies 8,100 Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries Payable Notes Payable, long-term Alston, Capital Alston, Withdrawals Sales Revenue Sales Returns and Allowances 59,200 s 19,100 12,800 1,600 12,100 55,000 60,500 320,000 1,000 2,000 Sales Discounts Interest Revenue 3,000 Purchases 274,400 94,900 Purchase Returns and Allowances Purchase Discounts Selling Expense Administrative Expense Total 8,700 38,800 20,100 527,200$ s 527,200 Print Done he Homework: Week Four: Chapter 5: Exe Score: 0 of 1 pt E5A-29 (similar to) Cruiser Boat Supply uses the periodic inventory method. The adjusted trial balance of Cruiser B (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Journalize the required closing entries at December 31, 2016. Assume ending Me Start by closing revenues and other credit accounts for the period. Date Accounts and Explanation Debit Dec. 31 Accounts Payable Accounts Receivable Accumulated Administrative Expense Alston, Capital Alston, Withdrawals Cash Equipment Income Summary Interest Revenue Clos. (1) Merchandise Inventory (ending) Notes Payable, long-term Office Supplies Purchases Purchase Discounts Purchase Returns and Allowances Salaries Payable Choose from an Sales Discounts heck Answer Sales Revenue Sales Returns and Allowances parts remaining Selling Expense lUIWOPK: Week Four: Chapter 5: E Score: 0 of 1 pt E5A-29 (similar to) Cruiser Boat Supply uses the periodic inventory method. The adjusted trial balance of Cruise EB (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Journalize the required closing entries at December 31, 2016. Assume ending Start by closing revenues and other credit accounts for the period. Date Accounts and Explanation Debit Dec 31 Clos. (1) To close expenses and other debit accounts To close Income Summary To close revenues and other credit accounts. To close withdrawals. Choose from any list or enter any number in the input fields and then click Check Answer remaining Homework: Week Four: Chapter 5: Exe Score: 0 of 1 pt E5A-29 (similar to) Cruiser Boat Supply uses the periodic inventory method. The adjusted trial balance of Cruiser B EEB (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Journalize the required closing entries at December 31, 2016. Assume ending Me Start by closing revenues and other credit accounts for the period. Date Accounts and Explanation Debit Dec. 31 Accounts Payable Accounts Receivable Accumulated Administrative Expense Alston, Capital Alston, Withdrawals Cash Equipment Income Summary Interest Revenue Clos. (1) Merchandise Inventory (ending) Notes Payable, long-term Office Supplies Purchases Purchase Discounts Purchase Returns and Allowances Salaries Payable heck Answer Choose from an Sales Discounts Sales Revenue Sales Returns and Allowances parts remainingSelling Expense