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Instructions Chart of Accounts Instructions December 31 balances for selected accounts of Chaney Company are presented below. Accounts Receivable $500 Accumulated Depreciation 100 400 Depreciation

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Instructions Chart of Accounts Instructions December 31 balances for selected accounts of Chaney Company are presented below. Accounts Receivable $500 Accumulated Depreciation 100 400 Depreciation Expense Dividends Interest Revenue 300 750 Salaries Expense 500 Sales 2,500 Unearned Rent 200 Required: Based on the accounts presented above, prepare the appropriate closing entries. Chart of Accounts CHART OF ACCOUNTS Previous Next

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