GENERAL JOURNAL PAGE DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT Closing Entries Hay 31 May 31
GENERAL JOURNAL PAGE DATE DESCRIPTION DOC. NO. POST. REF. DEBIT CREDIT Closing Entries Hay 31 May 31
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 14GI
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After the accountant
| ADJUSTED |
||
| ACCOUNT NAME | DEBIT | CREDIT |
| Cash | 2,110 | |
| Supplies | 275 | |
| 1,274 | ||
| Prepaid Insurance | 921 | |
| Office Equipment | 5,800 | |
| Accumulated |
1,130 | |
| Accounts Payable | 949 | |
| B. Rolt, Capital | 7,200 | |
| B. Rolt, Drawing | 1,120 | |
| Commissions Earned | 4,445 | |
| Rent Expense | 950 | |
| Supplies Expense | 530 | |
| Depreciation Expense, Office Equipment | 430 | |
| Utilities Expense | 254 | |
| Miscellaneous Expense | 60 | |
| 13,724 | 13,724 |
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Chapter 5 Homework Problems
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1. PR.05-01A.ALGO
GENERAL JOURNAL
PAGE
2. PR.05-04A.PART.1.ALGO
DATE
DESCRIPTION
DOC. NO.
POST. REF.
DEBIT
CREDIT
20--
Closing Entries
3. PR.05-04A.PART.2.ALGO
(1) May 31
4. PR.05-04A.PART.3.ALGO
(2) May 31
(3) May 31
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Transcribed Image Text:B. Rolt, Capital
Income Summary
(4)|
9,421 | х |Вal.
7,200 V
(2)
1,120 x (1)
9,421 x
|(3)
2,221 V
(3)
2,224| х Ваl.|
6,077 x
Bal.
9,421 X
B. Rolt, Drawing
Commissions Earned
Bal.
1,120
V(4)
1,120 V
(1)
4,445 V Bal.
4,445
Rent Expense
Supplies Expense
Bal.
V(2)|
V(2)
530
950
950
Bal.
530
Depreciation Expense,
Office Equipment
Utilities Expense
Bal.
430
V (2)|
430
Bal.
254
V (2)
254
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