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On November 30,2021, the Coronado Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly CORONADO EQUIPMENT REPAIR CORP. Trial
On November 30,2021, the Coronado Equipment Repair Corp's adjusted trial balance was as follows. The company closes its books monthly CORONADO EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 35.030 7.220 1.000 18.000 $3.900 500 1.000 1.100 1,300 Accounts Receivable Supplies Equipment Accumulated Depreciation - Equipment Accounts Payable Salaries Payable Income Tax Payable Deferred Revenue Common Shares Retained Earnings Dividends Declared Service Revenue Salaries Expense Rent Expense Supplies Expense Income Tax Expense Depreciation Expense 15.000 33,200 450 15,700 4.600 500 3,500 1.100 300 $71.700 $71,700 Totals Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Nov. 30 (To close revenue account.) 30 (To close expense accounts.) 30 (To close net income/loss).) 30 (To close dividends declared.)
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