Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do you journalize the two entries? ACC 1007 DR. A. FORTE On the basis of the following data taken from the Adjusted Trial Balance

image text in transcribedHow do you journalize the two entries?

ACC 1007 DR. A. FORTE On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended December 31 for Pavin, journalize the two closing entries. . $ 31,500 15,200 5,000 199,900 $ 69,000 42,500 152,600 Cash..................... Accounts Receivable..... Supplies ...... Equipment ................ Accumulated Depreciati Accounts Payable C. Pavin, Capital ... C. Pavin, Drawing... Fee Earned................... Salary Expense ......... ..... Rent Expense........ ... Depreciation Expense... Supplies Expense ........... Miscellaneous Expense................ 30,000 417,500 249,500 48,000 26,000 7,500 9.000 681.600 681.600

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_2

Step: 3

blur-text-image_3

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

Disruption In The Audit Market

Authors: Krish Bhaskar, John Flower

1st Edition

0367220660, 978-0367220662

More Books

Students also viewed these Accounting questions

Question

What are the different types of short sales?

Answered: 1 week ago