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please help need answers too this I have more problems and $$ Test #1-Midterm-Problem 4 TEN POINTS PAGE 10 Salinas Trailer Rental rents small trailers
please help need answers too this I have more problems and $$
Test #1-Midterm-Problem 4 TEN POINTS PAGE 10 Salinas Trailer Rental rents small trailers by the day for local moving jobs. Its adjusted trial balance at the end of the current fiscal year follows. Salinas Trailer Rental Adjusted Trial Balance December 31, 2015 Cash Accounts Receivable $ 1,384 1,944 Prepaid Insurance 720 Supplies 238 Trailers 24,000 Accumulated DepreciationTrailers $ 14,400 Accounts Payable 542 Wages Payable 400 Common Stock 11,388 Dividends 14,400 Trailer Rental Revenue Wage Expense Insurance Expense Supplies Expense Depreciation ExpenseTrailers Income Taxes Expense 91,092 46,800 1,440 532 4,800 21,564 $117,822 $117,822 From the information given, record closing entries. No Journal References Required Explanations Required Test #1-Midterm-Problem 4 Page 11 General Journal Date Description Post. Ref. Closing entries: 2015 Dec. 31 N/A N/A 31 N/A N/A N/A N/A N/A 31 N/A N/A 31 N/A N/A Debit CreditStep by Step Solution
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