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Marigold Company had the following adjusted trial balance. Marigold Company Adjusted Trial Balance For the Year Ended June 30, 2022 Adjusted Trial Balance Account Titles

Marigold Company had the following adjusted trial balance.

Marigold Company Adjusted Trial Balance For the Year Ended June 30, 2022

Adjusted Trial Balance

Account Titles

Debit

Credit

Cash $ 3,590
Accounts Receivable 3,960
Supplies 460
Accounts Payable $ 1,500
Unearned Service Revenue 100
Common Stock 1,820
Retained Earnings 2,500
Dividends 520
Service Revenue 5,600
Salaries and Wages Expense 1,300
Miscellaneous Expense 390
Supplies Expense 1,800
Salaries and Wages Payable 500
$ 12,020 $ 12,020

(a)

Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

June 30

enter an account title to close revenue account

enter a debit amount

enter a credit amount

enter an account title to close revenue account

enter a debit amount

enter a credit amount

(To close revenue account)

June 30

enter an account title to close expense accounts

enter a debit amount

enter a credit amount

enter an account title to close expense accounts

enter a debit amount

enter a credit amount

enter an account title to close expense accounts

enter a debit amount

enter a credit amount

enter an account title to close expense accounts

enter a debit amount

enter a credit amount

(To close expense accounts)

June 30

enter an account title to close net income or loss

enter a debit amount

enter a credit amount

enter an account title to close net income or loss

enter a debit amount

enter a credit amount

(To close net income / (loss))

June 30

enter an account title to close dividends

enter a debit amount

enter a credit amount

enter an account title to close dividends

enter a debit amount

enter a credit amount

(To close dividends)

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