Question
When the closing of accounts arrives, sales have a balance of $ 12,000. (2 points) The Camino Real company has a balance in its advertising
When the closing of accounts arrives, sales have a balance of $ 12,000. (2 points) The Camino Real company has a balance in its advertising expenses account of $ 5,200 at the end of December and must be closed. (2 points) At the Pollo Real food company there was a salary expense of $13,000 on March 31 and closing tickets are being made. (2 points)
Ropa Mas bought a computer in cash for $1,500. (2 points) Camino Real has a balance of $2,000 in the sales account at the end of the accounting cycle. (2 points) La Esquina purchased prepaid insurance on Feb. 2 for $10,000. (2 points)
The owner of Pollo Real made personal withdrawals for $3,000 during the month of April and closing tickets are taking place. (2 points) Martinez Rental had a client who was offered credit service for $1,800. (2 points) Jorge Roman started a business under the name of Car Cleaning. After adjustments in December 2020 the following balances were recorded in the ledger of each account. (12 points)
The total income summary account at La Esquina is $25,000 in credit. Make the entry of wages to bring the amount to the capital.
Jorge Romn, capital | $180,000 |
Jorge Romn, drawing | 2,500 |
Service fee | 20,000 |
Salary expense | 60,000 |
Rent expense | 14,000 |
Supplies expense | 12,500 |
Miscellaneous expense | 5,000 |
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