Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

natructions After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the edge of Harrisons

image text in transcribed
image text in transcribed
image text in transcribed
natructions After the accounts have been adjusted at January 31, the end of the year, the following balances are taken from the edge of Harrisons Dog Walking Service Company $338,990 Harrison Taylor, Capital Harrison Taylor, Drawing Fees Eamed Wages Expense Rent Expense Supplies Expense Miscellaneous Expense 12,500 139,820 40,540 15,770 15,570 2,370 Required: Journalize the entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account tres Previous Next > Su Tester Gradini All work saved MacBook Air Chart of Accounts All X General Ledger Igor ASSETS REVENUE 11 Cash 41 Fees Eamed 12 Accounts Receivable 13 Interest Receivable EXPENSES 14 Prepaid Insurance 15 Notes Recelvable 51 Wages Expense 52 Rent Expense 53 Supplies Expense 59 Miscellaneous Expense 16 Equipment 17 Accumulated Depreciation title LIABILITIES 21 Accounts Payable 22 Wages Payable 24 Uneamed Revenue EQUITY 31 Harrison Taylor, Capital 32 Harrison Taylor, Drawing llmark saved. Joumarize the entries required to close the accounts on January 31. Refer to the Chart of Accounts for exact wording of account ses JOURNAL DATE DESCRIPTION POST. REF DERIT CREDIT 1 2 5 7 8 Previous All work saved

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started