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Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the bal 7/1 7/21 1,520 1,320
Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the bal 7/1 7/21 1,520 1,320 1,140 1,520 220 460 7/31 Bal. 1,220 7/12 7/25 7/31 7/31 Bal. Cash 9,100 771 1,220 7/5 7/18 7/20 7/31 7/31 4,140 Accounts Receivable 2,810 7/21 1,900 1,290 4,780 Supplies 680 7/31 240 Prepaid Insurance 1,3207/31 1.210 Equipment 6,080 6,080 Accumulated Depreciation Equipment 7/31 7/31 Bal. Accounts Payable 1,140 771 7/3 7/31 Bal. 7/5 7/31 Bal. 7/1 7/31 Bal. 140 140 4,560 Post closing entries and complete the closing process. (For accounts that have zero ending balance, the entry should be the bal 7/1 7/21 1,520 1,320 1,140 1,520 220 460 7/31 Bal. 1,220 7/12 7/25 7/31 7/31 Bal. Cash 9,100 771 1,220 7/5 7/18 7/20 7/31 7/31 4,140 Accounts Receivable 2,810 7/21 1,900 1,290 4,780 Supplies 680 7/31 240 Prepaid Insurance 1,3207/31 1.210 Equipment 6,080 6,080 Accumulated Depreciation Equipment 7/31 7/31 Bal. Accounts Payable 1,140 771 7/3 7/31 Bal. 7/5 7/31 Bal. 7/1 7/31 Bal. 140 140 4,560
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster, Frank Wood
13th Edition
1292084669, 9781292084664
