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please complete december closing general journal with the amount of lines in pic from the other information. if you need more let me know. Closing
please complete december closing general journal with the amount of lines in pic from the other information. if you need more let me know. Closing General Journal 3 Date Account Title and Explanation Debit Credit 4 12/31 12/31 16 12/31 18 12/31 Income Statement For the Year Ended December 3. 4,400.00 4,400.00 200.00 4,200.00 Revenues Sales Revenue Net Revenues Cost of Goods Sold Gross Profit Operating Expenses Advertising Expense Wages Expense Cell Phone Expense Insurance Expense Freight-Out Supplies Expense Depreciation Expense Total Operating Expenses Income from Operations Other Gains and Losses Interest Expense Net Income 1,200.00 376.00 125.00 100.00 40.00 82.00 25.00 1,948.00 2,252.00 L 56.00 2,196.00 SmartHardware Statement of Retained Earnings For the Year Ended December 31 Beginning Retained Earnings, Nov 1 Add: Net Income 2,196.00 2,196.00 500.00 1,696.00 Less: Dividends Ending Retained Earnings, Dec. 31 $ Balance Sheet As of December 31 $ 3,995.00 1,550.00 1,263.00 1,100.00 400.00 Assets Current Assets Cash Accounts Receivable Supplies Prepaid Insurance Inventory Total Current Assets Property, Plant, & Equipment Computer Less: Accumulated Depreciation - Computer Equipment Less: Accumulated Depreciation - Equipment Total Property, Plant, & Equipment Total Assets 8,308.00 300.00 (10.00) 900.00 (15.00) 1,175.00 9,483.00 $ Liabilities Liabilities Current Liabilities Accounts Payable Interest Payable Wages Payable 675.00 56.00 56.00 Unearned Revenue 1,200.00 Total Current Liabilities 1,987.00 5,000.00 Long Term Liabilities Notes Payable Total Long Term Liabilities Total Liabilities 5,000.00 6,987.00 Stockholder's Equity Common Stock Retained Earnings Total Stockholder's Equity 800.00 1,696.00 2,496.00 Total Liabilities and Stockholder's Equity $ 9,483.00
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