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URGENT!!! Definitely will upvote Required: Based on above information, (a) Journalize the closing entries. You may omit explanations. (5.5 Marks) (b) Prepare a Post-Closing Trial
URGENT!!! Definitely will upvoteRequired: Based on above information, (a) Journalize the closing entries. You may omit explanations. (5.5 Marks) (b) Prepare a Post-Closing Trial Balance as at 31 December 2020.
QT Company prepares the following Adjusted Trial Balance as at 31 December 2020. QT COMPANY Trial Balance (Adjusted) As at 31 December 2020 Credit (RM) Debit (RM) 15,000 8,000 2,000 24,000 40,000 Cash Accounts receivable Supplies Building Bowling equipment Accumulated depreciation Bowling equipment Accounts payable Unearned service revenue Share capital - ordinary Dividend Service revenue Rent revenue Depreciation expense Bowling equipment Salaries and wages expense Utilities expense 2,500 9,000 3,500 55,000 2,600 17,500 8,400 500 3,600 200 95,900 95,900Step by Step Solution
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