Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using this partial Pre-Closing Trial Balance, identify the correct closing JE needed: Cash $1000 Revenue - PT $8000 PT Receivable $4000 Expenditures - Desk $2000

image text in transcribed
Using this partial Pre-Closing Trial Balance, identify the correct closing JE needed: Cash $1000 Revenue - PT $8000 PT Receivable $4000 Expenditures - Desk $2000 Unassigned FB $45000 a. Debit Unassigned FB $8000 Credit Revenue - PT $8000 b. Debit Unassigned FB $2000 Credit Expenditures - Desk $2000 c. Debit Revenue - PT $8000 Credit PT Receivable $8000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Forensic Accounting

Authors: Greg Shields

1st Edition

1727480988, 978-1727480986

More Books

Students also viewed these Accounting questions

Question

Define an unfair labor practice and provide three or four examples.

Answered: 1 week ago