journalize the closing entries
(9) Journalize the closing entries. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. If no entry is re account titles and enter o for the amounts.) Date Account Tities and Explanation Debit Credit Nov. 30 Service Revenue 12645 Sales Revenue 9900 Income Summary (To close revenue accounts and other accounts with credit balances.) Nov. 30 Income Summary Sales Discounts Cost of Goods Sold Salaries and Wages Expense Rent Expense Depreciation Expense Supplies Expense (To close expense accounts and other accounts with debit balances) Nov. 30 Income Summary Retained Earnings (To cose income summary) Post the closing entries. (Post entries in the order of journal entries presented above. For accounts that have a zero balance select "11/30 Bal from the amount.) 11/1 Bal. 11/10 11/19 11/22 11/29 11/30 Bal. 6,390 13,583 5,400 675 2,340 3,420 9,900 11/1 Bal. 11/12 11/29 11/30 Bal. 11/11 Cash 16,200 11/8 3,420 11/20 9,702 11/28 4,140 11/29 1,215 11/29 6,289 Accounts Receivable 4,032 11/10 9,900 11/19 1,260 1,872 Inventory 14,400 11/12 11/15 11/20 6,383 Supplies 1,548 Adj. 3,060 2,880 Equipment 45,000 9,000 54,000 Accumulated Depreciation-Equipment 11/1 Bal. Adj. 11/30 Bal. 7,200 540 277 11/30 Bal. 11/1 Bal. 1,728 11/30 Bal. 111 Bal. 11/25 1130 Bal 1,800 450 2,250 roject 11/15 11/20 11/28 6,120 14,400 9,000 3,060 12,780 Level Accounts Payable 540 11/1 Bal. 13,860 11/11 5,400 11/25 11/27 11/30 Bal. Unearned Service Revenue 7,245 11/1 Bal. 11/29 11/30 Bal. Salaries and Wages Payable 3,060 11/1 Bal. Adj. Study Adj. 7,200 1,215 1,170 11/8 3,060 900 900 11/30 Bal. Common Stock 11/1 Bal. 11/30 Bal. Retained Earnings 36,000 36,000 11/1 Bal. 12,600 Service Revenue 11/22 4,140 11/29 1,260 Adj. 7,245 Depreciation Expense ESOURCES Adj. de Project de Part Level Supplies Expense 1,728 Adi by Study Salaries and Wages Expense 3,330 11/8 11/29 2,340 Adj. 900 Rent Expense 11/29 675 Sales Revenue 11/12 9,900 Cost of Goods Sold 7,200 11/12 Sales Discounts Sales Discounts 11/19 198 Income Summary LARKSPUR Adjusted Trial Balance November 30, 2022 Debit Credit Cash 6289 Accounts Receivable 1872 Inventory 6383 Supplies 2880 Equipment 54000 Accumulated Depreciation-Equipment 2250 Accounts Payable 12780 Unearned Service Revenue TI Salaries and Wages Payable 900 ILI Common Stock 36000 Retained Earnings IETEI 12600 Service Revenue 12645 Depreciation Expense 450 | Supplies Expense 1728 Salaries and Wages Expense 6570 L T Rent Expense Dject Sales Revenue 111 111 1111111 111111 9900 Level Cost of Goods Sold TUTTI BI 118 IIN I LINI00 III II 11 Study Sales Discounts IIT Totals 88245 LARKSPUR Income Statement For the Month Ended November 30, 2022 Sales T Sales Revenue 9900 Less Sales Discounts T Net Sales 9702 Service Revenue 12645 T Total Revenues 22347 T Less Cost of Goods Sold 7200 Gross Profit a 15142 T Expenses Depreciation Expense T Supplies Expense Salaries and Wages Expense 6570 Rent Expense T Total Expenses 9423 Net Income / (Loss) 5724 LARKSPUR Balance Sheet November 30, 2022 Assets Current Assets T Cash Accounts Receivable Inventory 6383 Supplies 2880 T Total Current Assets 17424 Property, Plant and Equipment 17424 Equipment T 540001 Accumulated Depreciation Equipment T 2250 T Total Property, Plant and Equipment : 51750 Total Assets 69174 Liabilities and Stockholders' Equity T Current abilities Accounts Payable Unearned Service Revenue Salaries and Wages Payable 900 Current abilities 12780 Accounts Payable Uneared Service Revenue 1170 900 Salaries and Wages Payable 14850 Total Current Liabilities T Stockholders' Equity Common Stock 36000 T Retained Earnings 18324 T Total Stockholders' Equity 54324 69174 Total abilities and Stockholders' Equity
