Question
Kraemers Carriage Rides adjusted trial balance on December 31 st 2014 appears in the worksheet as follows; No. Account DR CR 101 Cash 40,000 124
Kraemers Carriage Rides adjusted trial balance on December 31st 2014 appears in the worksheet as follows;
No. Account DR CR
101 Cash 40,000
124 Supplies. 20,000
128 Prepaid Insurance.. 10,000
167 Equipment 100,000
168 Accumulated Amortization, Equipment 20,000
201 Accounts Payable.. 30,000
220 Unearned Fees .. 10,000
301 Cosmo Kraemer, Capital 83,000
302 Cosmo Kraemer, withdrawals 10,000
401 Fees Earned ... 90,000
511 Amortization Expense, Equipment 10,000
518 Wages Expense. 20,000
522 Insurance Expense .. 5,000
538 Rent Expense 9,000
540 Supplies Expense 5,000
560 Utilities Expense .. 4,000
Totals 233,000 233,000
Required
- Prepare the required closing entries.
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