Evan's Ski Shop – Closing entries
Question # 00024315
Posted By:
Updated on: 08/27/2014 11:10 AM Due on: 12/31/2015
6) After all the adjustments have been made, the following selected balances were taken from the adjusted trial balance of Evan's Ski Shop:
Accounts Payable $10,000
Accounts Receivable 3,000
Accumulated Depreciation 1,400
Depreciation Expense 1,500
Dividends 2,400
Insurance Expense 1,750
Interest Revenue 1,240
Prepaid Supplies 2,320
Retained Earnings 10,500
Salary Expense 4,100
Service Revenue 37,800
Journalize the entries to close the appropriate accounts. (15 points)
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Rating:
/5
Solution: Evan's Ski Shop – Closing entries