Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April
Question:
Worksheet data for Goode Company are presented in E4-2.
Instructions
(a) Journalize the closing entries at April 30.
(b) Post the closing entries to Income Summary and T. Goode, Capital. Use T accounts.
(c) Prepare a post-closing trial balance at April 30.
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a Apr 30 Service Revenue 15590 Income Summary 15590 30 Income Summary 12328 Salarie...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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