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Post the closing journal entries and calculate and enter balances. Assume Tobique closes its books monthly. (Post entries in the order of journal entries
Post the closing journal entries and calculate and enter balances. Assume Tobique closes its books monthly. (Post entries in the order of journal entries presented in the previous part. If the ending balance is O select Bal for the date and enter O for the normal balance for that account.) Cash Aug. 1 Bal. 5,980 Aug. 1 440 Aug. 6 3,420 Aug. 3 390 Aug. 13 3,650 Aug. 10 2,990 Aug. 29 820 Aug. 17 2,040 Aug. 24 2,760 Aug. 31 550 Aug. 31 Bal. 4,700 Accounts Receivable Aug. 1 Bal. 4,460 Aug. 6 3,420 Aug. 27 4,910 Aug. 31 Bal. 5,950
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