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please answer as soon as possible WR SRL presents a cumulative balance as of June 30, 2020 as follows: accounts payable $ 100,000; Transportation equipment
please answer as soon as possible
WR SRL presents a cumulative balance as of June 30, 2020 as follows: accounts payable $ 100,000; Transportation equipment $ 550,000; Salary expenses $ 380,000; Banks $ 745,000; Sales income $ 400,000; Accounts Receivable $ 198,000; Office supplies $ 55,000; Loans payable $ 237,000; Retained Earnings $ 1,191,000 In the month of December 2020 the following transactions are presented: 01-12-2020. The company acquires a central bank certificate worth $ 500,000 with an interest rate of 6% and a term of 2 years. 05-12-2020 Purchase insurance for transportation equipment valued at $ 48,000. 12-10-2020 Make a sale on credit worth $ 200,000. 12-14-2020 record the accrued interest payable on the loan taking into account the following data: The loan was obtained on June 29, 2020, annual interest rate 5% and valid for 1.5 years. 12-30-2020 The company estimated that 4% of the balance of its accounts receivable would be uncollectible. Is required: 1. Register in the general journal, General Ledger and trial balance updated as of December 31, 2020. 2. Make the closing entries as of Dec 31, 2020. 3. Present the trial balance after it closes on Dec 31, 2020. Elegir... 1,748,000 401,374.25 198,625.75 2,149,374 What is the result of the trial balance after closing? With what amount should the total closure of the expense accounts be made? With what amount should the Profit and Loss Summary account be closed? What is the result of the trial balanceStep by Step Solution
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