i Data Table - X y 31 Stouse Sign Company Adjusted Trial Balance January 31, 2024 an you tries at Balance Jurnal entry Account Title Debit Credit Cash $ 13,300 2,500 1,500 Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable 54,000 $ 5,100 4,200 400 Unearned Revenue 4,500 5,100 Notes Payable (long-term) Stouse, Capital Stouse, Withdrawals 44,200 1,100 Service Revenue 17 000 Print Done . X Data Table JUU UTILE SUPPICS 1,500 ary 31 54,000 can you $ 5,100 entries at urnal ent 4,200 400 Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Stouse, Capital Stouse, Withdrawals Service Revenue 4,500 5,100 44,200 1.100 17,000 Salaries Expense 4,600 2,000 400 Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 300 800 $ 80,500 $ 80,500 Total Print Done -n. Requirement 1. Asume Stue SunComosyna a Jan 31 yard Journal Sose's congenies at January 2. How machine incentius ad Stone Sion Componor for weddiny 319 wl? Requirement: Asunn Stouse bion Company Satury at your end Journal Sutasong entries at January at acord dutie Bieten ervat Sakitne plaintien De best in of a purtat entry First we will the Service Revenue Accounts and Explanation Date Debe Credit we wilde Dane Account and Explanation Debe Credit The adjusted trial balance of Stouse Sign Company follows: (Click the icon to view the adjusted trial balance) Requirements 1. Assume Stouse Sign Company has a January 31 year-end Journalize Stouse's closing entries at January 31 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Next we will close the expense accounts Accounts and Explanation Debit Credit Jan 31 Date Now we will close the Income Summary account Date Accounts and Explanation Debit Credit Jan 31 Je yedi ended January 317 How can you tell? Now we will close the income Summary account Date Accounts and Explanation Debit Credit Jan 31 Finally, close the Withdrawals account Date Accounts and Explanation Debit Credit Jan 31 Requirement 2 How much net income or not loss did Stouse Sion Company eam for the vear ended January 312 How can you fall? Requirements 1. Assume Stouse Sign Company has a January 31 year-end Journalize Stouse's closing entries at January 31 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 312 How can you tell? Finally, close the Withdrawals account Date Accounts and Explanation Debit Credit Jan 31 Requirement 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Start by identifying the amount of net income or loss for the year ended January 31 (Enter a loss with a minus sign or parentheses.) Net income (loss) = How can you tell? We know this because exceeded by this amount and this was the balance in service revenue Choose from any list or e total expenses he input fields and then continue to the next question. Requirements 1. Assume Stouse Sign Company has a January 31 year-end Journalize Stouse's closing entries at January 31 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Finally, close the Withdrawals account Date Accounts and Explanation Debit Credit Jan 31 Accounts Payable Accounts Receivable Cash Depreciation Expense-Equipment Requirement 2. Income Summary Rent Expense Start by identifyi Salaries Expense Net income (los Service Revenue Stouse, Capital How can you tel Stouse. Withdrawals Supplies Expense We know this be Utilities Expense Sign Company earn for the year ended January 31? How can you tell? ar ended January 31 (Enter a loss with a minus sign or parentheses) by this amount and this was the balance in Requirements 1. Assume Stouse Sign Company has a January 31 year-end. Journalize Stouse's closing entries at January 31. 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Requirement 1. Assume Stouse Sign Company has a January 31 year-end Journalize Stouse's closing entries at January First, we will close the Service Revenue account Date Accounts and Explanation Debit Credit Jan. 31 Accounts Payable Accounts Receivable Cash Depreciation Expense-Equipment Next we will clo: Income Summary Rent Expense Date Salaries Expense Jan 31 Service Revenue Stouse, Capital Stouse. Withdrawals Supplies Expense Utilities Expense Debit Credit Requirements 1. Assume Stouse Sign Company has a January 31 year-end Journalize Stouse's closing entries at January 31 2. How much net income or net loss did Stouse Sign Company earn for the year ended January 31? How can you tell? Requirement 1. Assume Stouse Sign Company has a January 31 year-end Journalize Stouse's closing entries at January 31 (Record de First, we will close the Service Revenue account Date Accounts and Explanation Debit Credit Jan 31 Next we will clos To close expenses Date To close Income Summary To close revenue Jan 31 To close Withdrawals Debit Credit