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The adjusted trial balance for Marigold Company is given below. Marigold Company Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr.
The adjusted trial balance for Marigold Company is given below. Marigold Company Trial Balance August 31, 2025 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $11,320 $11,320 Accounts Receivable 8,930 9,580 Supplies 2,630 1,330 Prepaid Insurance 4,000 2,640 Equipment 16,000 16.000 Accumulated Depreciation-Equipment $3,600 $4,800 Accounts Payable Salaries and Wages Payable Unearned Rent Revenue 5,800 5,800 1,500 2,070 1,140 Common Stock 12,390 12,390 Retained Earnings 5,340 5,340 Dividends 2,750 2,750 Service Revenue 32,590 33,240 Rent Revenue 13,320 14,250 Salaries and Wages Expense 16,870. 18,370 Supplies Expense 0 1,300 Rent Expense 12,610 12,610 Insurance Expense Depreciation Expense 0 1,360 0 1,200 $75,110 $75,110 $78,460 $78,460 Prepare the closing entries for the temporary accounts at August 31. (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 Aug. 31 Aug. 31 (To close revenue accounts) Debit Credit Question 11 of 12 Aug. 31 (To close expense accounts) Aug. 31 (To close net income to retained earnings account) (To close dividends to retained earnings account) -/2 !!!
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