Requirements 1. Assume Sign Company has a year-end. Journalize closing entries at . 2. How much net income or net loss did Sign Company earn for the year ended ? How can you tell? Requirement 1. Assume Sign Company has a year-end. Journalize closing entries at . (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Can you exlplain why things go the place they do

Homework: Ch 4 Homework B - Graded Score: 0 of 3 pts 3 of 6 (2 complete) HW Score: EF4-22 (similar to) Data Table The adjusted trial balance of Simpson Sign Company follows: (Click the icon to view the adjusted trial balance.) Requirements 1. Assume Simpson Sign Company has a January 31 year-end. Journalize Simpson's closing entries at January 31! 2. How much net income or net loss did Simpson Sign Company earn for the year ended January 31? How can you tell? Simpson Sign Company Adjusted Trial Balance January 31, 2024 Balance Requirement 1. Assume Simpson Sign Company has a January 31 year-end. Journalize Simpson's closing entries at January 31. (Record debits first, then credits. Select the expla First, we will close the Service Revenue account. Account Title Debit Credit $ 15,100 Date Accounts and Explanation Debit Credit 2,600 Jan. 31 Cash 15100 1,000 53,000 6,300 4,900 100 4,300 Cash Office Supplies Prepaid Rent Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Simpson, Capital Simpson, Withdrawals Service Revenue Salaries Expense Rent Expense Depreciation Expense-Equipment Supplies Expense Utilities Expense 5,600 39,900 900 17,800 3,000 1,800 300 400 800 $ 78,900 $ 78,900 Total Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts Clear All