Activity 1 Preparing the Closing Entries Listed below are the accounts taken from the December 31, 2019 adjusted trial balance of DRA. ABRYL RECTO. DRA. ABRYL RECTO Adjusted Trial Balance December 31, 2019 Cash Accounts Receivable Allowance for Bad Debts 7,550 Prepaid Supplies Medical Equipment Accum. Depreciation-Medical Equipt. 450,131 Vehicle Accum. Depreciation - Vehicle 336,000 Accounts Payable 43,200 Unearned Professional Fees 47,000 Mortgage Payable 1,230,000 A. Recto, Capital 1,885,555 A. Recto, Drawing 5,000 Professional Fees 800,870 Salary Expense 123,400 Rebt Expense 50,000 Telephone Expense 14,000 Utilities Expense 7,000 Repairs Expense 10,003 Total 4,800,306 4,800,306 1,350,403 205,000 11,500 1,964,000 1,060,000

Activity 1 Preparing the Closing Entries Listed below are the accounts taken from the December 31, 2019 adjusted trial balance of DRA. ABRYL RECTO. DRA. ABRYL RECTO Adjusted Trial Balance December 31, 2019 Cash Accounts Receivable Allowance for Bad Debts 7,550 Prepaid Supplies Medical Equipment Accum. Depreciation-Medical Equipt. 450,131 Vehicle Accum. Depreciation - Vehicle 336,000 Accounts Payable 43,200 Unearned Professional Fees 47,000 Mortgage Payable 1,230,000 A. Recto, Capital 1,885,555 A. Recto, Drawing 5,000 Professional Fees 800,870 Salary Expense 123,400 Rebt Expense 50,000 Telephone Expense 14,000 Utilities Expense 7,000 Repairs Expense 10,003 Total 4,800,306 4,800,306 1,350,403 205,000 11,500 1,964,000 1,060,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 26CE: Cornerstone Exercise 2-26 Preparing a Trial Balance Listed below are the ledger accounts for Borges...

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Cornerstone Exercise 2-26 Preparing a Trial Balance Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have normal balances. Required: Prepare a trial balance for Borges at December 31. 2019.