Answered step by step
Verified Expert Solution
Question
1 Approved Answer
income statement given here closing entries needs to be done Comp4-1 (book/static) Question Help Income Statement columns of worksheet Murphy Delivery Service completed the following
income statement given here closing entries needs to be done
Comp4-1 (book/static) Question Help Income Statement columns of worksheet Murphy Delivery Service completed the following transactions during December 2018: Click the icon to view the transactions.) Debit Credit Account Title Read the teauicements Cash 33,200 Total Assets Accounts Receivable Liabilities Office Supplies Current Liabilities: Prepaid Insurance S Salaries Payable 800 Truck 1.500 Uneamed Revenue Acc. Dep-Truck Total Liabilities 2,300 Accounts Payable Stockholders' Equity Salaries Payable Common Stock 22.000 Uneamed Revenue 8.900 Retained Eamings Common Stock 30,900 Total Stockholdens' Equity Dividends 33.200 Total Liabilities and Stockholders Equity Service Revenue 15,050 Salaries Expense 1,600 100 Requirement 8. Journalize the closing entries and post to the T-accounts. Dep. Exp-Truck Begin by jounalizing the closing entries. (Record debits first then credits. Exclude explanations from joumal entries.) Insurance Expense 100 Start by closing revenues 150 Fuel Expense Review the Income Statement.columns of the worksheet.completed in Reauitement 4. 1400 300 Rent Expense Date Accounts Debit Credt Supplies Expense 3,650 15,050 Dec. 31 Clos. (1) 11400 Net income or loss 15nnl 15 0sn Print Done Choose from any list or enter aany number in the input fields and then click Check Answer Comp4-1 (book/static) Question Help Income Statement columns of worksheet Murphy Delivery Service completed the following transactions during December 2018: Click the icon to view the transactions.) Debit Credit Account Title Read the teauicements Cash 33,200 Total Assets Accounts Receivable Liabilities Office Supplies Current Liabilities: Prepaid Insurance S Salaries Payable 800 Truck 1.500 Uneamed Revenue Acc. Dep-Truck Total Liabilities 2,300 Accounts Payable Stockholders' Equity Salaries Payable Common Stock 22.000 Uneamed Revenue 8.900 Retained Eamings Common Stock 30,900 Total Stockholdens' Equity Dividends 33.200 Total Liabilities and Stockholders Equity Service Revenue 15,050 Salaries Expense 1,600 100 Requirement 8. Journalize the closing entries and post to the T-accounts. Dep. Exp-Truck Begin by jounalizing the closing entries. (Record debits first then credits. Exclude explanations from joumal entries.) Insurance Expense 100 Start by closing revenues 150 Fuel Expense Review the Income Statement.columns of the worksheet.completed in Reauitement 4. 1400 300 Rent Expense Date Accounts Debit Credt Supplies Expense 3,650 15,050 Dec. 31 Clos. (1) 11400 Net income or loss 15nnl 15 0sn Print Done Choose from any list or enter aany number in the input fields and then click Check Step 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