Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Practice Knowledge Check Saved The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 NO ACCOUNT BALANCE 101 Cash 111 Accounts

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Practice Knowledge Check Saved The ledger accounts of AXX Internet Company appear as follows on March 31, 2019 NO ACCOUNT BALANCE 101 Cash 111 Accounts Receivable 121 Supplies 131 Prepaid Insurance 141 Equipment 142 Accumulated Depreciation-Equipment 202 Accounts Payable 301 Aretha Hinkle, Capital 302 Aretha Hinkle, Draving 401 Fees Income 518 Depreciation Expense-Equipment 511 Insurance Expense 514 Rent Expense 517 Salaries Expense 518 Supplies Expense 519 Telephone Expense 523 Utilities Expense 5 40,808 29,910 5,3ee 12,s88 59,e98 28,666 7,080 65,006 6, 500 187,230 18,58e 5,708 16,588 83,800 2,80e 3,400 4, 784 0.33 points eBook Hint All accounts have normal balances. Required 1. Prepare the closing entries. 2 Post the transactions in to the appropriate ledger accounts. Hint Be sure to enter beginning balances Complete this question by entering your answers in the tabs below. General Ledgers Journal Practice: Knowledge Check Saved Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Debit 0.33 polnts Mar 31, 2019 Mar 31. 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Hint Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31. 20 19 Mar 31, 2019 Mar 31, 2019 General Journal Practice Knowledge Check Saved General Journal Ledgers Post the transactions in to the appropriate leger sccounts. Nint Be sure to enter beginning balances. Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 0.33 poinns Mar 31, 2019 Mar 31, 2019 eBock Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 No. 5 Mar 31 2019 Mar 31 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31 2019 Mar 31, 2019 Mar 31, 2019 Mar 31, 2019 Mar 31 2019 Mar 31, 2019 Prev 1 of 6 Score answer > General Journal Ledgers Prepare the closing entries View transaction list 033 points Journal entry worksheet eBook Hint Record the closing entry for revenue. References Note: Enter debits before credits. Date Mar 31, 2019 Clear entry View general journal Record entry Ledgers General Journal Ledgers Prepare the closing entries. View transaction list 033 points Journal entry worksheet eDook Hint Record the closing entry for expenses %ote: Enter debts before rr edits. Mar 31, 2019 Record entry Clear entry View general journal Score anawer> Prey 1 of 6 Journal Ledgers Prepare the closing entries. View transaction list 0.33 points Journal entry worksheet eBook Hint References Record the closing entry for the balance of income summary Note: Enter debits before credits. Mar 31, 2019 Record entry Clear entry View general journal Ledgers Prev 1 of 6 E Score.answer > ge Check Saved General ournal Ledgers Prepare the closing entries View transaction list 0.33 points Journal entry worksheet eBook Hint Record the closing entry for the drawing account. Note: Enter debits before credits. Mar 31, 2019 Record entry Clear entry View general journal Ledgers

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud In Accounts Payable How To Prevent It

Authors: Mary S. Schaeffer

1st Edition

0470260459, 978-0470260456

More Books

Students also viewed these Accounting questions

Question

2. What is the impact of information systems on organizations?

Answered: 1 week ago

Question

Evaluate the impact of technology on HR employee services.

Answered: 1 week ago