Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

perpare closing entries directly to retained esrnings in general journal form The adjusted trial balance shown below is for Fine consulting service as of Dec.

perpare closing entries directly to retained esrnings in general journal form image text in transcribed
The adjusted trial balance shown below is for Fine consulting service as of Dec. 31. Bryan Fine made Cape Contibution during the cox 1,183 Adjusted Trial Balance | Dr cash $3,780 Accounts Rec. 4,578 Supplies 4284 Prepaid Ing. 2.100 Equipment 8960 Actum. Depr. -Equipment 1512 Accounts Payable Long-term notes payable 9,800 Common Stock 2,800 Retained Earnings 7,287 Dividends 4,060 service fees carned 81,760 Rent expense 16,800 Salarics apense 46,760 Supplies expense 6,580 Insurance expense 4,550 Dopr. Cxpense -equipment 1,008 Interest expens 882 1 Totals $104,342 $ 104,342 Aproporc an income statenent, Sharement of stockholders equity, Balance sheet & journal entry

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

Sound Investing, Chapter 11 - Crafty Comprehensive Income

Authors: Kate Mooney

1st Edition

0071719334, 9780071719339

More Books

Students also viewed these Accounting questions