Question
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 0 select Bal for the date and enter O for the normal balance for that account.) Cash Aug. 1 Bal. 5,650 Aug. 1 360 Aug. 6 3,120 Aug. 3 340 Aug. 13 3,620 Aug. 10 3,390 Aug. 29 830 Aug. 17 2,010 Aug. 24 2,640 Aug. 31 530 Aug. 31 Bal. 3,950 Accounts Receivable Aug. 1 Bal. 4,590 Aug. 6 3,120 Aug. 27 4,590 Aug. 31 Bal. 6,060
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