Question
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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