The table below contains the values of accounts for your company. Assumes that all balances are normal and journalize and post closing journal entries as needed. Produce a post-closing classified balance. Assume that both Notes Receivable and Notes Payable are long term. Debits and Credit balances not given as that is part of the assignment. Do you know the classification and normal balance of an account? Your company is Account Cash Accounts Receivable Interest Receivable Supplies Notes Receivable Equipment Accumulated Depreciation Accounts Payable Interest Payable Notes Payable Unearned Revenue Income Tax Payable Common Stock Dividends Retained Earnings Service Revenue Interest Revenue Supplies Expense Depreciation Expense Income Tax Expense Salaries Expense Utilities Expense Watsonia Value CHECK FIGURE: Ending Retained Earnings $ 5,200 1,904 306 1,432 49,557 20,085 3,905 1,524 1,350 20,040 2,053 1,925 197 401 39,874 10,203 196 399 681 106 1,002 194 A) Journalize the closing entries for the company B) Produce a post-closing classified balance sheet for the company $ 47,490

a journal entry is not needed. temporary accounts must be closed.

The table below contains the values of accounts for your company. Assumes that all balances are normal and journalize and post closing journal entries as needed. Produce a post-closing classified balance. Assume that both Notes Receivable and Notes Pavable are long term. Debits and Credit balances not given as that is part of the assignment. Do you know the classification and normal balance of an account? A) Journalize the closing entries for the company B) Produce a post-closing classified balance sheet for the company