MASTER BUDGET PROJECT: ADJUSTING AND CLOSING BOOK ENTRIES TEMPLATE ACCT 5362| Accounting Principles WEEK 7: To "close the books" for the year, review Principles of Accounting, Volume 1: Financial Accounting, Chapter 4, The Adjustment Process. Specifically, refer to the 10 -column worksheet on p. 248 for the conceptual layout. Following is an 8-column format that can serve the same purpose. Use whicherer makes more sense to Prepare the adjusting and closing entries for 2021 based on the budgeted income statement and Cash budget from Fixed assets have no salvage value over a 10 year period. \begin{tabular}{|l|c|c|r|r|r|} \hline \multicolumn{2}{|c|}{ Adjusting Entries } & \multicolumn{2}{c|}{ Closing Entries } & \multicolumn{2}{c|}{ Ending Bal. } \\ \hline \multicolumn{2}{|c|}{ Dredit } & Debit & Credit & Debit & Credit \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{lllllll} \hline$7,308,075 & $ & 7,308,075 & $2,580,000 & ####### & ####### & ######## \\ \hline \hline \end{tabular} MASTER BUDGET PROJECT: TRIAL BALANCE TEMPLATE ACCT 5362 | Aocounting Principles 5 Durina the dth n D MASTER BUDGET PROJECT: ADJUSTING AND CLOSING BOOK ENTRIES TEMPLATE ACCT 5362| Accounting Principles WEEK 7: To "close the books" for the year, review Principles of Accounting, Volume 1: Financial Accounting, Chapter 4, The Adjustment Process. Specifically, refer to the 10 -column worksheet on p. 248 for the conceptual layout. Following is an 8-column format that can serve the same purpose. Use whicherer makes more sense to Prepare the adjusting and closing entries for 2021 based on the budgeted income statement and Cash budget from Fixed assets have no salvage value over a 10 year period. \begin{tabular}{|l|c|c|r|r|r|} \hline \multicolumn{2}{|c|}{ Adjusting Entries } & \multicolumn{2}{c|}{ Closing Entries } & \multicolumn{2}{c|}{ Ending Bal. } \\ \hline \multicolumn{2}{|c|}{ Dredit } & Debit & Credit & Debit & Credit \\ \hline & & & & & \\ \hline & & & & & \\ \hline \end{tabular} \begin{tabular}{lllllll} \hline$7,308,075 & $ & 7,308,075 & $2,580,000 & ####### & ####### & ######## \\ \hline \hline \end{tabular} MASTER BUDGET PROJECT: TRIAL BALANCE TEMPLATE ACCT 5362 | Aocounting Principles 5 Durina the dth n D