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plz Question 5 (15 points) Following is the adjusted trial balance, with accounts listed in alphabetical order for Antique Accents at November 30, 2014. Use
plz
Question 5 (15 points) Following is the adjusted trial balance, with accounts listed in alphabetical order for Antique Accents at November 30, 2014. Use this information to prepare the closing entries. Use the numbers below as the description for the corresponding closing entry. 1. Close all temporary credit balance accounts to the income summary account. 2. Close all temporary debit balance accounts to the income summary account. 3. Close the income summary (net income) to capital. 4. Close the income summary (net loss) to capital. 5. Close withdrawals to capital. Enter the dates in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page GJS Credit Date F Debit + - Antique Accents Adjusted Trial Balance November 30, 2014 Debit Credit Accounts receivable 16,570 Accumulated depreciation, furniture 3,750 Capital 15,060 Cash 7,590 Consulting revenue earned 5,670 Depreciation expense, furniture 780 Furniture 16,090 Interest earned 3,590 Rent earned 11,010 Salaries expense 7,710 Salaries payable 7,280 Sales 6,120 Withdrawals 3,740 Totals 52,480 52,480 +-1 +Step by Step Solution
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