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Precisely Ballroom Adjusted Trial Balance June 30,2022 Instructions for closing entries 1) Record closing entries in the general journal. 2) Post the closing entries from
Precisely Ballroom Adjusted Trial Balance June 30,2022 Instructions for closing entries 1) Record closing entries in the general journal. 2) Post the closing entries from the general journal to the relevant general ledger accounts 3) Record the final closing balance of each ledger account in the Post-Closing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the PostClosing Balance row must still be filled out in order receive full points. G (To close the Withdrawals account to equity) Account: Capital Account No. 300 Account: Income Summary Account No. 310 Account: Withdrawals Account No. 350 Account: Revenues Account No. 400 Account: Wages Expense Account No. 516 Account: Telephone Expense Account No. 541 Account: Insurance Expense Account No. 543 Account: Office Supplies Expense Account No. 544 Account: Depn Expense: Dance Equipment (Q=750 Account No. 560 Account: Interest Expense Account No. 571 Precisely Ballroom Adjusted Trial Balance June 30,2022 Instructions for closing entries 1) Record closing entries in the general journal. 2) Post the closing entries from the general journal to the relevant general ledger accounts 3) Record the final closing balance of each ledger account in the Post-Closing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the PostClosing Balance row must still be filled out in order receive full points. G (To close the Withdrawals account to equity) Account: Capital Account No. 300 Account: Income Summary Account No. 310 Account: Withdrawals Account No. 350 Account: Revenues Account No. 400 Account: Wages Expense Account No. 516 Account: Telephone Expense Account No. 541 Account: Insurance Expense Account No. 543 Account: Office Supplies Expense Account No. 544 Account: Depn Expense: Dance Equipment (Q=750 Account No. 560 Account: Interest Expense Account No. 571
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