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Prepare the closing entries for Dec 31st 2019 in proper journal entry form Prepare a post closing trial balance at Dec 31, 2019 Use T
Prepare the closing entries for Dec 31st 2019 in proper journal entry form
Styles 1. A utility invoice dated January 4, 2020 for $600 was received for electricity December 1, 2019 to December 31, 2019. 2. Depreciation for the equipment for the month was $100. 3. Supplies existing at December 31, 2019 totaled $400. 4. Interest on the bank loan for the month was $150, no payment has been made. 5. An adjusting entry may be required for the insurance policy. 6. An adjusting entry may be required for salaries. Journalize the above adjustments in proper journal entry form (excluding explanations).(12 Points) Prepare a post closing trial balance at Dec 31, 2019
Use T accounts representing the general lesger to determine the account balances
Prepare the three basic financial statements in proper format and and for end of Dec 31 2019
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