Question
Make the following entries in the general journa 1. At the close of accounts, sales have a balance of $12,000. 2. Camino Real has a
Make the following entries in the general journa
1. At the close of accounts, sales have a balance of $12,000.
2. Camino Real has a balance in its advertising expense account of $5,200 at the end of December and should be closed.
3. Pollo Real food company had a salary expense of $13,000 on March 31 and closing entries are being made.
4. Prendas Mias purchased a computer for cash of $1,500.
5. Camino Real has a balance of $2,000 in the sales account at the end of the accounting cycle.
6. La Esquina store purchased prepaid insurance on February 2 for $10,000.
7. The owner of Pollo Real made personal withdrawals of $3,000 during April and closing entries are being made.
8. Martinez Rental had a customer who was offered service on credit for $1,800.
9. Jorge Roman started a business under the name Car Cleaning. After adjustments in December 2020 the following balances were recorded in the ledger for each account.
Jorge Romn, capital | $180,000 |
Jorge Romn, drawing | 2,500 |
Service fee | 20,000 |
Salary expense | 60,000 |
Rent expense | 14,000 |
Supplies expense | 12,500 |
Miscellaneous expense | 5,000 |
10, The total income summary account at La Esquina Company is $25,000 in credit. Make the journal entry to bring the amount to capital.
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