Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

The following is the adjusted trial balance of Inland Home Health, Inc., for December 31, 2018. E (Click the icon to view the trial balance.)

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following is the adjusted trial balance of Inland Home Health, Inc., for December 31, 2018. E (Click the icon to view the trial balance.) Requirement 1. Journalize the closing entries at December 31, 2018. Test Begin by closing out the revenue accounts. (Record debits first, then credits. Excludo explanations from any journal entries.) Journal Entry Accounts Debit Credit Date Dec Choose from any list or enter any number in the input fields and then click Check Answer. 2 parts remaining Check Answer Clear All book/static) Question Help i Data Table g is the adjusted trial balance 1, 2018. e icon to view the trial balanc r 31, 2018. Inland Home Health, Inc. Adjusted Trial Balance sing out the revenue account December 31, 2018 Account Debit Credit Accou Cash 7,400 %24 6,500 Accounts receivable Supplios 150 Furniture 5,800 Accumulated depreciation, furmiture 3,070 Equipment 34,500 Accumulated dlenreciation enuinment 3.500 am any list or enter any numb Print Done Check Answer ing k/static) Question Help 6 Data Table e adjusted trial balance B. r31, 2018. to view the trial balanc Accumulated depreciation, equipment 3,500 Accounts payable 2,800 ut the revonue accounts Salaries payable 1,500 Uneamed service revenue 2,100 Accou Common stock 19,000 Retained eanings 7,330 13,000 Dividends Service revenue 71,400 27,000 Salaries expense 12,500 Rent expense 2,700 Depreciation expense, equipment y list or enter any numb Print Done Check Answer mok/static) E Question Help Data Table he adjusted trial balance D18. on to view the trial balanc r 31, 2018. OIcamiou serVILOIOVOTue Common stock 19,000 Retained earnings 7,330 out the revenue accounts Dividends 13,000 Service revenue 71,400 Accou Salaries expense 27,000 Rent expense 12,500 2,700 Depreciation expense, equipment Depreciation expense, furniture 800 350 Supplies expense $110,700 S 110,700 Total any list or enter any numb Print Done Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Business Risk Approach

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

8th edition

978-0538476232

Students also viewed these Accounting questions

Question

11. Prove Theorem 11.3.1.

Answered: 1 week ago