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need help q1 q2 please do all requires Use the May 31 fiscal year-end Information from the following ledger accounts (assume that all accounts have
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Use the May 31 fiscal year-end Information from the following ledger accounts (assume that all accounts have normal balances) General Ledger M. Muncel, Capital Account Number 301 Salaries Expense Account Number 622 Dated PR Debit Credit Balance Date PR Debit Credit Balance May 31 62 84, eee May 31 02 42,000 M. Muncel, Withdrawals Account Number 302 Insurance Expense Account Number 637 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 02 52,000 May 31 02 3,380 Services Revenue Account Number 403 Rent Expense Account Number 640 Date PR Debit Credit Balance Date PR bebit Credit Balance May 31 G2 148,008 May 31 02 7,360 Depreciation Expense Account Number 603 Incone Summary Account Number 901 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 02 13,000 (a) Prepare cidsing journal entries from the above ledger accounts (b) Post the entries from Requirement (a) to the General Ledger accounts below. Use the transaction number from Requirement (a) as the date. Complete this questions by entering your answers in the tabs below. Required A Required B Journal entry worksheet Journal entry worksheet Record the entry to close expense accounts. Note: Enter debits before credits: General Journal Debit Credit Transaction 2 Record entry Clear entry View general Journal Journal entry worksheet > A 00 [$ D Record the entry to close income summary account. Note: Enter debits before credits. Debit Credit General Journal Transaction 3 Record entry Clear entry View general journal AT Journal entry worksheet > Required information The following information applies to the questions displayed below] The following adjusted trial balance at December 31 of Wilson Trucking Company Credit Debit $ 9,200 18,700 4,2ee 184,000 $ 37,200 97,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 15,600 5,200 64, eee 182, eee 21,200 142,000 24,700 64,600 9,200 13,200 $ 446,000 $ 446,000 G Interest expense Totals 13, 200 $ 446,000 $ 446,000 Prepare the closing entries for the year ended December 31. View transaction list Journal entry worksheet > ! Required information Prepare the entry to close the revenue account(s); Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal q1
q2
please do all requires
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