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What is the balance of supplies expense after the closing entries are made? Account Title Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Accounts
What is the balance of supplies expense after the closing entries are made? Account Title Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Accounts Payable Capital, C. Moore Balance 20,000 12,500 500 3,750 1,250 1,200 63,050 Account Title Balance Accounting Fees Earned 45,000 Rent Expense - Office 18,500 Rent Expense 4,000 Equipment Insurance expense 3,750 Supplies Expense 3,000 Utilities Expense 6,000 Drawing, C. Moore 36,000 O 1) 3,000 2) o 3) 1,500 4) 1,750
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