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Just need some help on this and the parts that follow please! I will rate! Many thanks and God bless! E4-21 (similar to) Data Table
Just need some help on this and the parts that follow please!
I will rate!
Many thanks and God bless!
E4-21 (similar to) Data Table The adjusted trial balance of Spanelli Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Spanelli Sign Company has a January 31 year-end. Journalize Spanelli's closing entries at January 31. 2. How much net income or net loss did Spanelli Sign Company earn for the year ended January 31? How can you tell? Spanelli Sign Company Adjusted Trial Balance January 31, 2018 Requirement 1. Assume Spanelli Sign Company has a January 31 year-end. Journalize Spanelli's closing entries at January 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Balance Debit Credit Account Title First, close revenues. Cash $ 14.200 Date Accounts and Explanation Debit Credit 1,100 Jan. 31 1.100 45,000 $ 5,800 Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock 4,600 To close revenue. 700 4.300 6,000 31,050 850 Dividends Service Revenue 16,500 3,400 1,600 Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 300 500 900 $ 68,950 $ 68,950 Total Print Done Done Choose from any list or enter any number in the input fields and then click Check Answer. ? 5 pantai remaining Clear All CheckStep by Step Solution
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