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not sure if my General Journal ia correct General Journal 2018 Date PR CREDIT DEBIT 1 2 3 4 5 6 Account Titles Closing Entries
not sure if my General Journal ia correct
General Journal 2018 Date PR CREDIT DEBIT 1 2 3 4 5 6 Account Titles Closing Entries 10375 1000 7 8 225 9 15000 10 1000 1/1/18 cash prepaid insurance supplies automobile accum depr Franki Valley Capital Franki Valley Drawing Commission Revenue Depreciation expense supplies expense insurance expense 18000 11 12 13 14 15 16 400 8000 1000 50 200 17 18 Unadjusted Adjusted Income Trial Balance Adjustments Trial Balance Statement Debit Credit Debit Credit Debit Credit Debit Credit 10375 10375 1000 b) 200 800 225 a) 50 175 15000 15000 1000 C) 1000 2000 Balance Sheet/ Owner's Equity Debit Credit 10375 800 175 15000 2000 18000 18000 18000 Cash Prepaid Insurance Supplies Automobile Accum. Depr. Franki Valley, Capital Franki Valley, Drawing Commission Revenue Depreciation expense Supplies expense Insurance expense 400 400 400 8000 8000 8000 0 1000 1000 50 O 50 c) 1000 a) 50 B) 200 27000 1250 0 200 27000 1250 28000 28000 200 1250 6750 8000 net income 8000 26750 20000 6750 8000 26750 26750 Step by Step Solution
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