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Problem 2 : table [ [ Adjusted Trial Balance ] , [ December 3 1 , 2 0 XX ] , [ 1 0
Problem :
tableAdjusted Trial BalanceDecember XXCash,Supplies,Prepaid Insurance,Equipment,Accum. Depr. Equip,,Accounts Payable,,Wages Payable,,Kaprise Capital,Kaprise Drawing,,Income Summary,,Services Revenue,Depreciation Exp Equip,Wages Expense,Insurance Expense,Rent Expense,Supplies Expense,Utilities Expense,Totals,,
Prepare the income statement, statement of owner's equity and the balance sheet The $ capital balance rolled over from the prior year; No owner investments in the current year.
Record the closing entries in a general journal
Post the closing entries to the taccounts
Kaprise Capital
table
Income Summary
Service Revenue
tableDepr ExxpEquip
Insurance Expense
Supplies Expense
Utilities Expense
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