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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 10,800 Accounts Receivable 138,000 Prepaid
The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.
Accounts | Debit | Credit | ||||||
Cash | $ | 10,800 | ||||||
Accounts Receivable | 138,000 | |||||||
Prepaid Rent | 4,800 | |||||||
Supplies | 24,000 | |||||||
Equipment | 280,000 | |||||||
Accumulated Depreciation | $ | 123,000 | ||||||
Accounts Payable | 10,800 | |||||||
Salaries Payable | 9,800 | |||||||
Interest Payable | 3,800 | |||||||
Notes Payable (due in two years) | 28,000 | |||||||
Common Stock | 180,000 | |||||||
Retained Earnings | 48,000 | |||||||
Service Revenue | 380,000 | |||||||
Salaries Expense | 280,000 | |||||||
Rent Expense | 14,000 | |||||||
Depreciation Expense | 28,000 | |||||||
Interest Expense | 3,800 | |||||||
Totals | $ | 783,400 | $ | 783,400 | ||||
1. Record the necessary closing entries at December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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