Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oriole Company shows the following balances in selected accounts of its adjusted trial balance. Supplies Supplies Expense Accounts Receivable Dividends Retained Earnings Service Revenue Salaries

image text in transcribed
image text in transcribed
Oriole Company shows the following balances in selected accounts of its adjusted trial balance. Supplies Supplies Expense Accounts Receivable Dividends Retained Earnings Service Revenue Salaries and Wages Expense Utilities Expense Rent Expense $26,240 4,920 9,840 18,040 57,400 88,560 32,800 6,560 14,760 + Scale document down Prepare the remaining closing entries at December 31. (If no entry is required, select "No Entry" forth Credit account titles are automatically indented when the amount is entered. Do not indent manu Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue to income summary) Dec. 31 (To close expenses to income summary) MacBook Pro DOO 0 SC F5 Date Account Titles and Explanation Debit Credit Dec. 31 (To close revenue to income summary) Dec. 31 (To close expenses to income summary) Dec. 31 (To close net income to retained earnings) Dec. 31 (To close dividends to retained earnings) MacBook Pro DDD 80 esc F5 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Managerial Accounting

Authors: Karen Braun, Wendy Tietz, Louis Beaubien

4th Canadian Edition

013544344X, 9780135443446

More Books

Students also viewed these Accounting questions