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what am I doing wrong? T accounts have been open using the balances from the adjusted trial balance post the closing entries to the TV
what am I doing wrong?
T accounts have been open using the balances from the adjusted trial balance post the closing entries to the TV account and calculate ending balances for each account for accounts I have is there a balance enter the Zara on the normal balance side use the acronym For closing entries us post reference and include balance references were appropriate for the income summary account calculate and enter the balance before posting the entry to close out the accout.
act.pearsoncmg.com/activity/9/3/3 Bright, Capital Incom 16,000 45,000 Adj. Bal. 54,000 46,000 91.000 46,000 Enter account balance amount here (same side of T-account as normal balance). Supplies Expense Adj. Bal 18,000 18.000 uur COMICIOUS DUTTCTC CTC appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account. Date Accounts and Explanation Debit Credit Date Accounts and Explanation Dec. 31 Service Revenue Debit Credit 100,000 Dec. 31 Income Surnmary 46,000 Income Summary 100.000 Bright, Capital 46.000 To close Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Bright Capital 16,000 Dec. 31 Income Summary 54.000 Bright Withdrawals Depreciation Expense-Furniture 9.000 To close withdrawals rest Expense 12.000 Rent Expense 5.000 Sales Expense 10.000 Supplies Expande To Close Expenses A de O Type here to search 1 OO e N O W act.pearsoncmg.com/activity/9/3/3 Bright, Capital Incom 16,000 45,000 Adj. Bal. 54,000 46,000 91.000 46,000 Enter account balance amount here (same side of T-account as normal balance). Supplies Expense Adj. Bal 18,000 18.000 uur COMICIOUS DUTTCTC CTC appropriate. For the Income Summary account, calculate and enter the Balance (Bal.) before posting the entry to close out the account. Date Accounts and Explanation Debit Credit Date Accounts and Explanation Dec. 31 Service Revenue Debit Credit 100,000 Dec. 31 Income Surnmary 46,000 Income Summary 100.000 Bright, Capital 46.000 To close Revenue To close Income Summary Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Bright Capital 16,000 Dec. 31 Income Summary 54.000 Bright Withdrawals Depreciation Expense-Furniture 9.000 To close withdrawals rest Expense 12.000 Rent Expense 5.000 Sales Expense 10.000 Supplies Expande To Close Expenses A de O Type here to search 1 OO e N O W Step by Step Solution
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