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Presented below are the balances from Zo Developments Ltd's general ledger as at January 31,20 DR CR Cash 56,000 Accounts receivable 140,000 126,000 Inventory 4,000
Presented below are the balances from Zo Developments Ltd's general ledger as at January 31,20 DR CR Cash 56,000 Accounts receivable 140,000 126,000 Inventory 4,000 Prepaid expenses 357,000 Equipment 120.000 Accumulated depreciation, equipment 33,000 Accounts payable 5,000 Unearned revenue 11.000 Wages payable 103,000 Common shares Retained earnings 85,000 Dividends declared 18,000 949,500 Sales revenue 19,500 Interest revenue 550,000 Cost of goods sold 9,000 Depreciation expense 45,000 Wages expense 8,000 Utilities expense 13,000 Insurance expense clocincontrior for 7n Nounlonmontent innunni 21 Indit cum Pronarothonoco - Date Account Titles and Explaidul Jan. 31 (To close accounts with a credit balance) Jan. 31 9C are ** O (To close accounts with a debit balance) Jan. 31 (To close income summary account) 9C 10! e here to search -15 Question 5 of 7
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