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Question 16 of 25 Current Attempt in Progress At the end of its fiscal year, the adjusted trial balance of Cullumber Company is as follows:
Question 16 of 25 Current Attempt in Progress At the end of its fiscal year, the adjusted trial balance of Cullumber Company is as follows: Credit $5,700 4,245 750 CULLUMBER COMPANY Adjusted Trial Balance July 31, 2021 Debit Cash $2,570 Accounts receivable 11.480 Prepaid rent 8,500 Supplies 750 Equipment 19.950 Accumulated depreciation-equipment Patents 18.300 Accounts payable Interest payable Unearned revenue Notes payable (due on July 1, 2023) B. Cullumber, capital B. Cullumber drawings 17,100 Service revenue Interest revenue Depreciation expense 2,850 Interest expense 3,000 Rent expense 18,550 Salaries expense 36,750 Supplies expense 20,850 $160,650 2,050 45,200 28,285 74,100 620 $160,650 Tor the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 V V (To close revenue accounts) July 31 (To close expense accounts) July 31 V (To close profitto capital) July 31 V (To close drawings account) Save for Later Attempts: 0 of 1 used Date Account Titles and Explanation July 31 B. Cullumber, Capital B. Cullumber, Drawings Depreciation Expense Interest Expense Interest Revenue Income Summary No Entry Rent Expense Service Revenue Salaries Expense Supplies Expense July 31 v
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