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prepare closing entries and post the closing entries to the T accounts. Instructions A partial work sheet for the month ended June 30, 20-for Adams'
prepare closing entries and post the closing entries to the T accounts.
Instructions A partial work sheet for the month ended June 30, 20-for Adams' Shoe Shine is shown Adams' Shoe Shine Work Sheet (Part For Month Ended June 30, 20- INCOME STATEMENT DEBT INCOME STATEMENT BALANCE SHEET BLANCE SHEET 2 ACCOUNT TITLE CREDIT DEBIT CREDIT 3 Cash 272400 174309 900.00 650.00 220909 1 100.00 2,340.00 260.00 OOO 2.200.00 4.-12.00 Accounts Receivable 1 Supplies Prepaid Insurance + Office Equipment Accumulated Depreciation Office Equipment Accounts Payable 1 Wages Payable 11 Mary Adams, Capital Mary Adams, Drawing 11 Service Fees # Wages Expense 11 Advertising Expense Rent Expense Suppies Expert w Phone Expense 11 Utiles perde ance Expense Gas and Oil Expense Depreciation Expense-Office Equipment 1 Miscellaneous Expense 1,090.00 32.00 1,000.00 322.00 133.00 10100 130.00 19.00 100.00 S8.00 3.095.00 4.812.00 991200 3.2000 23 Net Income 11700 1717.00 54812.00 $4,812.00 59.917.00 55,93700 Required: 1. Prepare coming 2. Post the closing entries to the accounts Chart of Accounts CHART OF ACCOUNTS Adams' Shoe Shine General Ledger ASSETS REVENUE 401 Service Fees EXPENSES 101 Cash 122 Accounts Receivable 141 Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accumulated Depreciation Office Equipment LIABILITIES 202 Accounts Payable 219 Wages Payable 511 Wages Expense 512 Advertising Expense 521 Rent Expense 523 Supplies Expense 525 Phone Expense 533 Utilities Expense 535 Insurance Expense 538 Gas and Oil Expense 542 Depreciation Expense-Office Equipment 549 Miscellaneous Expense EQUITY 311 Mary Adams, Capital 312 Mary Adams, Drawing 313 Income Summary 1. Prepare closing entries. General Journal Instructions Question not attempted. PAGE 1 GENERAL JOURNAL Score: 0/209 DATE POST. REF. DEBIT CREDIT ACCOUNT TITLE Closing Entries 1 2 3 5 6 7 8 9 10 12 13 14 15 16 17 18 2 Penge to the account Tito Cash B. 2.724 120 Sus B. Prane 630 Dat Once 2.200 Acevedenie Bs. 1.840 Wees Pays 100 Mary A. 2000 Be Closing Closing Mary Admin Closire Clusing Service Fees Bal Chasing Bal WE 1.00 Com ME Rand up 1000 Dal Coming Phone Expense B. 133 IC Up 101 Closing Insurance Expense Bal. 130 Closing Gas and Oil Expense Bal. 89 Closing Depreciation Expense-Office Equipment Bal. 100 Closing Miscellaneous Expense Bal. 98 Closing Instructions A partial work sheet for the month ended June 30, 20-for Adams' Shoe Shine is shown Adams' Shoe Shine Work Sheet (Part For Month Ended June 30, 20- INCOME STATEMENT DEBT INCOME STATEMENT BALANCE SHEET BLANCE SHEET 2 ACCOUNT TITLE CREDIT DEBIT CREDIT 3 Cash 272400 174309 900.00 650.00 220909 1 100.00 2,340.00 260.00 OOO 2.200.00 4.-12.00 Accounts Receivable 1 Supplies Prepaid Insurance + Office Equipment Accumulated Depreciation Office Equipment Accounts Payable 1 Wages Payable 11 Mary Adams, Capital Mary Adams, Drawing 11 Service Fees # Wages Expense 11 Advertising Expense Rent Expense Suppies Expert w Phone Expense 11 Utiles perde ance Expense Gas and Oil Expense Depreciation Expense-Office Equipment 1 Miscellaneous Expense 1,090.00 32.00 1,000.00 322.00 133.00 10100 130.00 19.00 100.00 S8.00 3.095.00 4.812.00 991200 3.2000 23 Net Income 11700 1717.00 54812.00 $4,812.00 59.917.00 55,93700 Required: 1. Prepare coming 2. Post the closing entries to the accounts Chart of Accounts CHART OF ACCOUNTS Adams' Shoe Shine General Ledger ASSETS REVENUE 401 Service Fees EXPENSES 101 Cash 122 Accounts Receivable 141 Supplies 145 Prepaid Insurance 181 Office Equipment 181.1 Accumulated Depreciation Office Equipment LIABILITIES 202 Accounts Payable 219 Wages Payable 511 Wages Expense 512 Advertising Expense 521 Rent Expense 523 Supplies Expense 525 Phone Expense 533 Utilities Expense 535 Insurance Expense 538 Gas and Oil Expense 542 Depreciation Expense-Office Equipment 549 Miscellaneous Expense EQUITY 311 Mary Adams, Capital 312 Mary Adams, Drawing 313 Income Summary 1. Prepare closing entries. General Journal Instructions Question not attempted. PAGE 1 GENERAL JOURNAL Score: 0/209 DATE POST. REF. DEBIT CREDIT ACCOUNT TITLE Closing Entries 1 2 3 5 6 7 8 9 10 12 13 14 15 16 17 18 2 Penge to the account Tito Cash B. 2.724 120 Sus B. Prane 630 Dat Once 2.200 Acevedenie Bs. 1.840 Wees Pays 100 Mary A. 2000 Be Closing Closing Mary Admin Closire Clusing Service Fees Bal Chasing Bal WE 1.00 Com ME Rand up 1000 Dal Coming Phone Expense B. 133 IC Up 101 Closing Insurance Expense Bal. 130 Closing Gas and Oil Expense Bal. 89 Closing Depreciation Expense-Office Equipment Bal. 100 Closing Miscellaneous Expense Bal. 98 Closing Step by Step Solution
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