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last circle one was incorrect This is a partial adjusted trial balance of Blossom Company. BLOSSOM COMPANY Adjusted Trial Balance January 31, 2022 Debit Credit
last circle one was incorrect
This is a partial adjusted trial balance of Blossom Company. BLOSSOM COMPANY Adjusted Trial Balance January 31, 2022 Debit Credit $930 1,530 $1.020 830 Supplies Prepaid Insurance Salaries and Wages Payable Unearned Service Revenue Supplies Expense Insurance Expense Salaries and Wages Expense Service Revenue 870 510 1,890 4,340 Prepare the closing entries at January 31, 2022. Of no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 Service Revenue 4340 Income Summary 4340 (To close revenue account) Jan. 31 Income Summary 3270 Supplies Expense 870 Insurance Expense 510 Salaries and Wages Expense 1890 (To close expense accounts) U. Jan. 31 Income Summary 1070 Retained Earnings 3470 (To close net income / (loss)) Step by Step Solution
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