Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I want the answer in a table clearly Question 2 The adjusted account balances of Yogi Company at December 31, 2021 are as follows: $
I want the answer in a table clearly
Question 2 The adjusted account balances of Yogi Company at December 31, 2021 are as follows: $ 14,000 6,000 10,000 Accounts receivable Notes receivable..... Prepaid insurance Machinery Depreciation expense G. Yogi, drawings Promotion expense. Rent expense...... Salary expense Insurance expense $16,000 13,000 6,000 50,000 7,000 4,500 600 3,000 10,200 700 $111.000 Bank overdraft Accounts payable... Notes payable. Accumulated depreciation- machinery.......... Service revenue... Interest revenue G. Yogi , capital.. Unearned revenue 16,000 29,000 2,000 18,000 16,000 $111.000 Instructions a) Prepare closing entries for December 31, 2021. b) Determine the balance in G. Yogi's capital account after the entries have been posted. c) Prepare a post-closing trial balance at December 31, 2021Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started