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im trying to figure out the highlighted. Can I have help on this? Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit
im trying to figure out the highlighted. Can I have help on this?
Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec. 31 Service Revenue 100,000 Dec 31 Income Summary 46,000 Income Summary 100,000 Bright, Capital 46,000 To close Revenue To close Income Summary Date Accounts and explanation Debit Credit Date Accounts and explanation Debit Credit Dec. 31 Bright, Capital 20,000 Dec 31 Income Summary 54,000 Bright, Withdrawals 20,000 Depreciation Expense--Furniture 9,000 To close Withdrawals Interest Expense 12,000 Rent Expense 5,000 Salaries Expense 10,000 Supplies Expense 18,000 To close Expenses Depreciation Expense--Furniture Rent Expense Adj. Bal 9,000 9,000 Adj. Bal. 5,000 5,000 Bal Bali V CD Bali Bright, Withdrawals Service Revenue Adj. Bal 20,000 20,000 100,001 100,000 Adj. Bal. Ball 01 Interest Expense Salaries Expense Adj. Bal 12,000 12,000 Adj. Bal. 10,000 10,000 Ball Bright, Capital Income Summary 20000 30,000 Adj. Bal. 100000 100000 Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Dec. 31 Service Revenue 100,000 Dec 31 Income Summary 46,000 Income Summary 100,000 Bright, Capital 46,000 To close Revenue To close Income Summary Date Accounts and explanation Debit Credit Date Accounts and explanation Debit Credit Dec. 31 Bright, Capital 20,000 Dec 31 Income Summary 54,000 Bright, Withdrawals 20,000 Depreciation Expense--Furniture 9,000 To close Withdrawals Interest Expense 12,000 Rent Expense 5,000 Salaries Expense 10,000 Supplies Expense 18,000 To close Expenses Depreciation Expense--Furniture Rent Expense Adj. Bal 9,000 9,000 Adj. Bal. 5,000 5,000 Bal Bali V CD Bali Bright, Withdrawals Service Revenue Adj. Bal 20,000 20,000 100,001 100,000 Adj. Bal. Ball 01 Interest Expense Salaries Expense Adj. Bal 12,000 12,000 Adj. Bal. 10,000 10,000 Ball Bright, Capital Income Summary 20000 30,000 Adj. Bal. 100000 100000Step by Step Solution
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