Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare Closing entries. The adjusted trial balance for Corts Vito Company owned by D. Carla Vista are as follows: CARLA VISTA COMPANY Adjusted Trial Balance
Prepare Closing entries.
The adjusted trial balance for Corts Vito Company owned by D. Carla Vista are as follows: CARLA VISTA COMPANY Adjusted Trial Balance December 31, 2021 Adjusted Trial Balance Account No. Account Titles Dr. Or 201 Cash $6.100 112 11.00 126 2.100 130 1000 157 27,500 155 Accounts receive Supplies Prepaid Insurance Equipment Accumulated desceciation-topment Notes payable Accounts payable Salaries payable Interesave $5.500 200 15.100 201 6.700 212 3.400 230 S40 301 11.700 300 7.100 400 61.400 D. Garis Vista, D. Carta Vista drawings Service Adverting expende Supplies expense Depreciation experte 610 8.100 651 3600 711 31500 723 7100 Sala de 28.400 yos Intepe To $100 5104340 ( o O DI 11C Mostly AS VIVOBOOK 16 BOC home 19 1709 end foy Poup 1294 5 6. Z 8 Prepare closing entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually if no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 (To dose revenue accounts) > Dec 31 > v (To close expense accounts) Dec 31 5 (Todose income summary account) Dec 31 (Todose drawings IA 11"C Mostly ASUS VIV000 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started