Answered step by step
Verified Expert Solution
Question
1 Approved Answer
post closeing enteries Dec. 31 Cosing entry 314 Deci31 Closing entry 114 Dec 31 Closing entry Ji4 begin{tabular}{|cccc|} hline & Service Revenue & No. 400
post closeing enteries Dec. 31 Cosing entry 314 Deci31 Closing entry 114 Dec 31 Closing entry Ji4 \begin{tabular}{|cccc|} \hline & Service Revenue & No. 400 \\ \hline Date Explanation Ref & Debit & Credit & Balance \\ \hline \end{tabular} Dec.31 Ealance Dec:31 Closing entry 314 Dec 31 Cloting entry 314 Dec. 31 Balance Dec.31 Cosing entry 114 (To dose revenue account.) 51.500 41.800 28,400 500 (To close net income / (loss).) Dividendy Question 5 of 5 (To dose expense accounta.) 24 400 100 [Ta dose net incemet f ( loss)] Quetion 5 et 5 Dtwit Doengertry Ji4 1+1+1= the bifititinut Cheseter 4 inomitwoldox (4/4) E Teatbook and Modia
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started