I need help with journalizing closing entries on the last page. thanks!
Your answer is correct. Prepare an adjusted trial balance. KLEENE WINDOW WASHING INC. Trial Balance July 31, 2022 Debit Credit Cash 5410 Accounts Receivable 6300 Supplies 320 Prepaid insurance 1650 8000 Equipment Accumulated Depreciation Equipment 180 Accounts Payable 5400 Salaries and Wages Payable 400 Common Stock 12.000 Dividends 600 Service Revenue 7900 Cash 5410 $ Accounts Receivable 6300 Supplies 320 Prepaid Insurance 1650 Equipment 8000 Accumulated Depreciation Equipment 180 Accounts Payable 5400 400 Salaries and Wages Payable Common Stock 12,000 Dividends 600 Service Revenue 7900 Maintenance and Repairs Expense 290 Supplies Expense 580 Depreciation Expense 180 Insurance Expense 150 Salaries and Wages Expense 2400 25880 25880 Your answer is correct. Prepare the income statement for July KLEENE WINDOW WASHING INC. Income Statement For the Month Ended July 31, 2022 Revenues Service Revenue $ 7900 Expenses Maintenance and Repairs Expense 290 Supplies Expense 5801 Depreciation Expense 180 Insurance Expense 150 Salaries and Wages Expense 2400 Total Esperoes 3600 Net Income (Loos s 4300 e Textbook and Media Your answer is correct. Prepare a retained earnings statement for July (List items that increase retained earnings first.) KLEENE WINDOW WASHING INC. Retained Earnings Statement For the Month Ended July 31, 2022 Retained Earnings, July 1 v $ 0 Add V: Net Income/(Loss) 4300 4300 Less Dividends (600) Retained Eamings, July 31 $ 3700 Your answer is correct Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity) KLEENE WINDOW WASHING INC. Balance Sheet July 31, 2022 Assets Current Assets Cash 5410 Accounts Receivable 6300 320 Supplies 1650 Prepaid Insurance Total Current Assets $ Property Plant and Equipment Equipment 8000 Accumulated Depreciation Equipment -180 1 Total Assets -na-kholders' Equity essment-player/index.html?launchid=b56e6353-993c-437c-b51e-1b737c4be5f7= KLEENE WINDOW WASHING INC. Balance Sheet July 31, 2022 Assets 5410 Receivable 6300 320 nsurance 1650 Tent Assets $ 13680 art and Equipment 8000 Accumulated Depreciation Equipment -180 7820 21500 Liabilities and Stockholders' Equity Payable 5400 und Wass Payable 400 RADO Equipment 8000 Less : Accumulated Depreciation Equipment - 180 Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 5400 Salaries and Wages Payable 400 Total Current Liabilities Stockholders Equity Common Stock 12000 Retained Earnings 3700 Total Stockholders' Equity Toul abilities and Stockholders' Equity 8000 Accumulated Depreciation Equipment - 180 7820 21500 Liabilities and Stockholders' Equity ities yable 5400 Wapes Payable 400 Liabilities $ 5800 Equity 12000 3700 olders Equity 15700 les and Stockholders' Equity $ 21500 Journalize the closing entries (Credit account titles are automatically indented wen the amount is entered. Do not indent manually. no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation July 31 (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income to retained earnings) July 31 (To close dividends to retained earnings) July 31 (To close revenue account) July 31 (To close expense accounts) July 31 (To close net income to retained earnings) July 31 (To cose dividends to retained earnings)
