QUESTION 2 Trial Balance 10000 20000 5000 37000 Cash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 Use this trial balance to prepare the journal entry for closing the expense accounts Retained earnings $13,000 Wages expense 8000 Rent expense 7000 Retained earnings $13,000 Expenses $13,000 Wages Expense 6000 Rent Expense 7000 Retained earnings 13,0000 O some other journal entry QUESTION 3 Trial Balance Accounts Receivable Supplies 10000 20000 5000 37000 Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Eamed Wages Expense 11000 3000 44000 7000 15000 35000 6000 ype here to search o ELAS QUESTION 3 Trial Balance 10000 20000 5000 37000 Cash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Eamed Wages Expense Rent Expense 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 Make an income statement and determine the net income O $22000 O $29000 O $28000 O None of the above QUESTION 4 The accounts in the ledger of Hoffman Entertainment Co. are listed below. All accounts have normal balances Fees Earned $95000 Accounts Payable Accounts Receivable Prepaid Insurance Cash 7000 $11000 20000 5,000 10000 15000 Insurance Expense Land 27000 6000 Dividends Wages Expense Common Stock 44000 Prepare a trial balance. The total of the credits is O a 100.000 Ob 105.000 O some other answer Od 516000 re to search QUESTION 6 1 paid my accounts payable. How would I record that? O a debit Cash; credit Supplies Expense Ob debit Cash, credit Accounts Payable c. debit Accounts Payable; credit Cash Od debit Accounts Receivable, credit Cash QUESTION 6 Trial Balance 10000 20000 5000 37000 Cash Accounts Receivable Supplies Land Accounts Payable Wages Payable Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense 11000 3000 44000 7000 15000 35000 6000 7000 100000 100000 Using the numbers in this trial balance, prepare the closing entry for closing the income account Retained Earnings 35000 Fees Eamed 35000 Fees Earned 35000 Retained Earnings 35000 Income Summary 35000 Fees Eamed 35000 O some other journal entry QUESTION 7 Which of the following the records the payment of dividends? O a debit Dividende credit Cash Ob debit Common Stock credit Cash O debit Salaries Expense credit Salaries Payable Od debit Salaries Expense. Credit Cash e here to search ON