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miscellaneous expenses, $400. H. Paid office salaries, $2,800 I. Determined that the cost of supplies used was $1,050. Instruction: 1. Journalize entries for transactions (A)
miscellaneous expenses, $400. H. Paid office salaries, $2,800 I. Determined that the cost of supplies used was $1,050. Instruction: 1. Journalize entries for transactions (A) through (I) using the following account titles: Cash, Supplies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Omit journal entry explanations, using the format below: Debit $17,500 Credit A. Cash Common Stock $ 17,500 B. C. t2 DEBIT D. E. F. G. H. D-On the basis of the end-of-period spreadsheet of Last Chance Company (copy attached), Journalize the closing entries using the four (4) steps: 1) close revenues to Income Summary Account; 2) close all the expenses to the clearing account; 3) close Income Summary, and 4) close the Dividends account. Follow the format shown below: L L os(entres. Date Debit Credit June 30 Fees Earned Rent Revenue Income Summary 30 Income Summary Salaries & wass Expenss Desaription credit rausl miscellaneous expenses, $400. H. Paid office salaries, $2,800 I. Determined that the cost of supplies used was $1,050. Instruction: 1. Journalize entries for transactions (A) through (I) using the following account titles: Cash, Supplies, Accounts Payable, Common Stock, Dividends, Sales Commissions, Rent Expense, Office Salaries Expense, Automobile Expense, Supplies Expense, Miscellaneous Expense. Omit journal entry explanations, using the format below: Debit $17,500 Credit A. Cash Common Stock $ 17,500 B. C. t2 DEBIT D. E. F. G. H. D-On the basis of the end-of-period spreadsheet of Last Chance Company (copy attached), Journalize the closing entries using the four (4) steps: 1) close revenues to Income Summary Account; 2) close all the expenses to the clearing account; 3) close Income Summary, and 4) close the Dividends account. Follow the format shown below: L L os(entres. Date Debit Credit June 30 Fees Earned Rent Revenue Income Summary 30 Income Summary Salaries & wass Expenss Desaription credit rausl
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