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What is the closing entry that the company made for the rent expense account at the end of 2022? Income Statement Current Assets 12/31/202212/31/2021 Non-current
What is the closing entry that the company made for the rent expense account at the end of 2022?
Income Statement Current Assets 12/31/202212/31/2021 Non-current Assets Equipment 77,00028,000105,000 69,00030,00099,000 \begin{tabular}{lrr} \hline Total Assets & 1,020,400 & 916,400 \\ \hline \end{tabular} Current Liabilities Dividends Payable Salaries Payable Accounts Payable Total Current Liabilities 291,700267,800 259,200189,300 Non-current Liabilities Loans outstanding Total Non-current Liabilities 140,000140,000 140,000140,000 Shareholders' Equity Common Stock \begin{tabular}{ll} 342,800 & 285,400 \\ 245,900 & 231,800 \\ \hline 588,700 & 517,200 \end{tabular} Total Liabilities and Shareholders' Equity 1,020,400 916,400 Step by Step Solution
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