Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pter 4 uestion 6 of 7 ORIOLE EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 34.530 7.220 Accounts Receivable

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

pter 4 uestion 6 of 7 ORIOLE EQUIPMENT REPAIR CORP. Trial Balance November 30, 2021 After Adjustment Debit Credit Cash $ 34.530 7.220 Accounts Receivable 1.000 Supplies 18.000 Equipment Accumulated Depreciation - Equipment $ 3.900 700 Accounts Payable 1.000 Salaries Payable 1.100 Income Tax Payable 1.300 Deferred Revenue - Chapter 4 Question 6 of 7 Accounts Payable 700 Salaries Payable 1,000 Income Tax Payable 1,100 Deferred Revenue 1,300 Common Shares 15.000 Retained Earnings 33,200 Dividends Declared 450 Service Revenue 15.400 Salaries Expense 4,600 Rent Expense 700 Supplies Expense 3.700 Income Tax Expense 1.100 Depreciation Expense 300 Tarne NWP Assessment Play X W Support - WileyPLUS X B Bow Valley College - Cation.wiley.com/was/ui/v2/assessment-player/index.html?launchid=2d88c3b3-fb08-4fe 3 - Chapter 4 Question 6 of 7 Salaries Expense 4,600 Rent Expense 700 Supplies Expense 3.700 Income Tax Expense 1,100 Depreciation Expense 300 Totals $ 71,600 $71.600 (a) Prepare the closing journal entries. (List all debit entries before credit ent amount is entered. Do not indent manually. If no entry is required, select "Ne (a) Prepare the closing journal entries. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Nov. 30 (To close revenue account.) 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant M. Datar, Madhav V. Rajan

16th edition

134475585, 978-0134475998, 134475992, 978-0134475585

Students also viewed these Accounting questions