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Prepare the closing entries for POOR COMPANY Ttw for poor December 31 is as POOR COMPANY Adjusted Balance Sl Account* Receivable SupplJe praid Rent Ace
Ttw for poor December 31 is as POOR COMPANY Adjusted Balance Sl Account* Receivable SupplJe pr"aid Rent Ace Depreciation Equipment Accounts Payable Salaries payable Unearned Revenue T. Poor, Capital T. Poor, Drawings Service Revenue Depreciation Expense Rent Expense Totals 4A)O 2 146.7m 19,500 27.200 15,000 240.200 Prepare the closing entries for POOR COMPANY. What is the debit(s) in the first closing entry? What is the credit(s) in the first closing entry? What is the debit(s) in the second closing entry? What is the credit(s) in the second closing entry? What is the debit(s) in the third closing entry? What is the credit(s) in thc third closing entry? What is the debit(s) In the fourth closing entry? What is the credit(s) in the fourth closing entry?
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