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PREPARE CLOSING ENTRIES. PLEASE ITS URGENT. WITHIN HALF AN HOUR. I WILL UPVOTE AND COMMENT A. The following account balances are taken from the adjusted
PREPARE CLOSING ENTRIES. PLEASE ITS URGENT. WITHIN HALF AN HOUR. I WILL UPVOTE AND COMMENT
A. The following account balances are taken from the adjusted trial balance of Best of Fun Bowling Lanes at December 31, 2020. Debit Credit 320.00 535.00 15,000.00 31,800.00 74,325.00 18,585.00 23,500.00 81,750.00 Bowling Supplies Prepaid Insurance Accounts Payable Long Term Notes Payable D. Allen Capital Bowling Equipment Accumulated Depreciation Bowling Equip. D. Allen Withdrawals Bowling Revenue Equipment Repairs Expense Rent Expense Interest Expense Bowling Supplies Expense Insurance Expense Depreciation Expense, Bowling Equipment Wages payable Wages Expense Cash Rent Payable Property Taxes Payable Utilities Expense Property Tax Expense 630.00 8,175.00 900.00 1.835.00 1,680.00 7,125.00 420.00 24,720.00 1.250.00 975.00 285.00 3,530.00 1.045.00 149,350.00 149,350.00 TotalsStep by Step Solution
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