Question 2 of 3 < > Current Attempt in Progress This is a partial adjusted trial...
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Question 2 of 3 < > Current Attempt in Progress This is a partial adjusted trial balance of Sunland Company. SUNLAND COMPANY Adjusted Trial Balance January 31, 2025 Debit Credit Supplies $870 Prepaid Insurance 1,380 Salaries and Wages Payable $1,050 Unearned Service Revenue 810 Supplies Expense 850 Insurance Expense 460 Salaries and Wages Expense 1,790 Service Revenue 4,150 - / 1.91 E Prepare the closing entries at January 31, 2025. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 31 Service Revenue Jan. 31 Jan. 31 Income Summary (To close revenue account) (To close expense accounts) (To close net income to retained earnings) Debit Credit 4,150 Question 2 of 3 < > Current Attempt in Progress This is a partial adjusted trial balance of Sunland Company. SUNLAND COMPANY Adjusted Trial Balance January 31, 2025 Debit Credit Supplies $870 Prepaid Insurance 1,380 Salaries and Wages Payable $1,050 Unearned Service Revenue 810 Supplies Expense 850 Insurance Expense 460 Salaries and Wages Expense 1,790 Service Revenue 4,150 - / 1.91 E Prepare the closing entries at January 31, 2025. (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 31 Service Revenue Jan. 31 Jan. 31 Income Summary (To close revenue account) (To close expense accounts) (To close net income to retained earnings) Debit Credit 4,150
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Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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