Question
This is a partial adjusted trial balance of Wildhorse Co.. WILDHORSE CO. Adjusted Trial Balance January 31, 2017 Debit Credit Supplies $780 Prepaid Insurance 1,620
This is a partial adjusted trial balance of Wildhorse Co..
WILDHORSE CO. Adjusted Trial Balance January 31, 2017 | ||||
---|---|---|---|---|
Debit | Credit | |||
Supplies | $780 | |||
Prepaid Insurance | 1,620 | |||
Salaries and Wages Payable | $1,040 | |||
Unearned Service Revenue | 710 | |||
Supplies Expense | 910 | |||
Insurance Expense | 540 | |||
Salaries and Wages Expense | 1,770 | |||
Service Revenue | 4,350 |
Prepare the closing entries at January 31, 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
Jan. 31 | enter an account title to close revenue account | enter a debit amount | enter a credit amount |
enter an account title to close revenue account | enter a debit amount | enter a credit amount | |
(To close revenue account) | |||
Jan. 31 | enter an account title to close expense accounts | enter a debit amount | enter a credit amount |
enter an account title to close expense accounts | enter a debit amount | enter a credit amount | |
enter an account title to close expense accounts | enter a debit amount | enter a credit amount | |
enter an account title to close expense accounts | enter a debit amount | enter a credit amount | |
(To close expense accounts) | |||
Jan. 31 | enter an account title to close net income / (loss) | enter a debit amount | enter a credit amount |
enter an account title to close net income / (loss) | enter a debit amount | enter a credit amount | |
(To close net income / (loss)) |
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