Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

if no entry is required for the account titles then enter 0 for the amounts. Trial Balance March 31, 2022 Credit Debit $10,578 7.708 574

image text in transcribed
image text in transcribed
if no entry is required for the account titles then enter 0 for the amounts.
Trial Balance March 31, 2022 Credit Debit $10,578 7.708 574 2.050 13,120 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $3,936 4,756 902 492 12,300 4,592 4,756 28,372 11,808 14,842 1.476 9,840 1.230 984 $67,158 $67.158 No. Account Titles and Explanation Debit Credit 1. (To close revenue accounts.) 2. (To close expense accounts.) 3. (To close net income /(loss)) 4

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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Steinbart Romney B.

9th International Edition

0470409460, 978-0470409466

More Books

Students also viewed these Accounting questions