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Problem #6-Closing Entries-10 Points Using the Trial Balance below, prepare the closing entries: Make sure I ca accounts and amounts are debits and which accounts
Problem #6-Closing Entries-10 Points Using the Trial Balance below, prepare the closing entries: Make sure I ca accounts and amounts are debits and which accounts and amounts ar Be Neat & Organized Trial Balance Debit Credit $ 285,000 $ Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable Interest Payable Unearned Service Revenue Salaries & Wage Payable Common Stock Retained Earnings Dividends Service Revenue Salaries & Wage Expense Supplies Expense Rent Expense Insurance Expense Interest Expense Depreciation Expense Bad Debt Expense 4,800 S 45,000 $ $16,500- $ 178,500 $ $ 24,000 $$ 150,000 S 75,000 $ 1,500 $ 24,000 $ 18,000 $ 300,000 $ 125,000 S50,000 $ - 318,000 $ 138,000 $ S45,000 $27,000$- 15,000 $- $ 1,500 $12,000 4,800$
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