Question
unus the balances in the temporary accounts are for the month of December 2017. Account Debit Credit Cash 10,000 Accounts Receivable 25,000 Inventory 40,000 Supplies
unus the balances in the temporary accounts are for the month of December 2017. Account Debit Credit Cash 10,000 Accounts Receivable 25,000 Inventory 40,000 Supplies 5,000 Equipment 100,000 Accumulated Depreciation 30,000 Accounts Payable 12,000 Note Payable 13,000 Interest Payable 3,000 Unearned Revenue 8,000 Dividends Payable 7,000 Common Stock 10,000 Retained Earnings 46,000 Sales Revenue 193,000 Cost of Goods Sold 78,000 Depreciation Expense 18,000 Wages Expense 42,000 Supplies Expense 3,000 Interest Expense 1,000 Total 322,000 322,000 Use the information in Baker's Trial balance to answer questions D through H. D. In the General Journal below record the journal entry that should be made to close the Revenue account(s). questions D through H. D. In the General Journal below record the journal entry that should be made to close the Revenue account(s). Use the editor to format your answer Question 5 6 Points E. In the General Journal below record the journal entry that should be made to close the Expense accounts. Use the editor to format your answer Question 6 6 Points F. Based on Baker's account balances, the amount of Net Income that would be shown on Baker's Income Statement for December 2017 would be: Blank 1 Blank 1 Add your answer Save and Close Last saved 8:52:44 PM Submit
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