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Required: 1. Record adjusting entries in the general journal as of December 31, 2019. 2. Record closing entries in the general journal as of December
Required: 1. Record adjusting entries in the general journal as of December 31, 2019. 2. Record closing entries in the general journal as of December 31, 2019. 3. Record reversing entries in the general journal as of January 1, 2020. Analyze: Assuming that the firm did not record a reversing entry for salaries payable, what entry is required when salaries of $6,000 are paid on January 3? Complete this question by entering your answers in the tabs below. Prepare the closing entry for revenue and other credit items. Note: Enter debits before credits. Credit Date General Journal Dec 31, 2019 Purchases returns and allowances Debit 9,200.00 Record entry Clear entry View general journal 1 ..... 8 9 10 11 12 13 .... 19 > Prepare the closing entry for expenses and other debit items. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 JuuriaI CILI Y VUI NSUCCL Record the closing entry for the balance of income summary. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Record entry Clear entry View general journal Juulilal CIL Y VUINSIcel Record the closing entry for the drawing account. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2019 Juunilai CHILI Y VUI SUCCL Record the reversing entry for social security & Medicare. Note: Enter debits before credits. Date General Journal Debit Credit Record entry Clear entry View general journal JUUITIUILI 1 V NIL
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