Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ie (10.04) 11.The adjusted trial balance of LINK CO. follows: LINK Co. Adjusted Trial Balance May 31, 2019 Balanc e Account Title Debit Credit Cash

image text in transcribed
image text in transcribed
image text in transcribed
ie (10.04) 11.The adjusted trial balance of LINK CO. follows: LINK Co. Adjusted Trial Balance May 31, 2019 Balanc e Account Title Debit Credit Cash $14,30 0 Office Supplies Prepaid Rent Equipment Accumulated Depreciation- 2,400 1,400 45,000 E- TEL 82:01 11/15 + $14,30 Cash 0 2,400 1,400 45,000 $ 6,100 4,500 Office Supplies Prepaid Rent Equipment Accumulated Depreciation- Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Link, Capital Link, Drawing Service Revenue Salaries Expense 300 4,500 5,300 32,600 800 16,800 3,600 11/15 81:50 . Rent Expense 1,400 Depreciation Expense-Equipment 400 Supplies Expense 200 Utilities Expense 600 $70,10 $70,10 Total 0 0 Assume LINK Co. has a May 31 year end. Journalize LINK Co.'s closing entries at May 31. **Note: Please 1) write your answer to the question(s) on the paper, then 2) take photo(s)/picture(s) of your answer to the question(s), and finally 3) upload the/these photo(s)/picture(s) to the SuperStar System. E-N

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions