Miller CompanyAdjusted Trial BalanceDecember 31 Line Item Description Debit Credit Cash 8,130 Accounts Receivable 3,300 Prepaid Expenses 2,750 Equipment 10,400 Accumulated Depreciation 2,200 Accounts Payable 2,700 Notes Payable 1,000 Common Stock 9,200 Retained Earnings 2,000 Dividends 4,870 Fees Earned 36,600 Wages Expense 12,450 Rent Expense 4,900 Utilities Expense 3,475 Depreciation Expense 2,150 Miscellaneous Expense 1,275 Total 53,700 53,700 Question Content Area Journalize the closing entries. If an amount box does not require an entry, leave it blank.
Miller CompanyAdjusted Trial BalanceDecember 31 Line Item Description Debit Credit Cash 8,130 Accounts Receivable 3,300 Prepaid Expenses 2,750 Equipment 10,400 Accumulated Depreciation 2,200 Accounts Payable 2,700 Notes Payable 1,000 Common Stock 9,200 Retained Earnings 2,000 Dividends 4,870 Fees Earned 36,600 Wages Expense 12,450 Rent Expense 4,900 Utilities Expense 3,475 Depreciation Expense 2,150 Miscellaneous Expense 1,275 Total 53,700 53,700 Question Content Area Journalize the closing entries. If an amount box does not require an entry, leave it blank.
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
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 5E: Multiple-Step and Single-Step In coin Statements The following items were derived from Gold...
Related questions
Question
Miller CompanyAdjusted Trial BalanceDecember 31
Line Item Description | Debit | Credit |
---|---|---|
Cash | 8,130 | |
3,300 | ||
Prepaid Expenses | 2,750 | |
Equipment | 10,400 | |
Accumulated |
2,200 | |
Accounts Payable | 2,700 | |
Notes Payable | 1,000 | |
Common Stock | 9,200 | |
2,000 | ||
Dividends | 4,870 | |
Fees Earned | 36,600 | |
Wages Expense | 12,450 | |
Rent Expense | 4,900 | |
Utilities Expense | 3,475 | |
Depreciation Expense | 2,150 | |
Miscellaneous Expense | 1,275 | |
Total | 53,700 | 53,700 |
Question Content Area
Journalize the closing entries. If an amount box does not require an entry, leave it blank.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Corporate Financial Accounting
Accounting
ISBN:
9781337398169
Author:
Carl Warren, Jeff Jones
Publisher:
Cengage Learning