Question Eight Inter Company had the following accounts from the adjusted trial balance at June 30, 2020: Supplies $500 Accounts Receivable $3,900 Retained Earnings 800 Unearned Service Revenue 200 Service Revenue 5,600 Accounts Payable 800 Cash 3,200 Supplies Expense 2,300 Miscellaneous Expense 300 Rent Revenue 500 Salaries and Wages Payable 400 Salaries and Wages Expense 1,800 Dividends 300 Share Capital-Ordinary 4,000 Required: a) Prepare closing entries at June 30, 2020. Date Accounts titles and explanation Debit Credit

Question Eight Inter Company had the following accounts from the adjusted trial balance at June 30, 2020: Supplies $500 Accounts Receivable $3,900 Retained Earnings 800 Unearned Service Revenue 200 Service Revenue 5,600 Accounts Payable 800 Cash 3,200 Supplies Expense 2,300 Miscellaneous Expense 300 Rent Revenue 500 Salaries and Wages Payable 400 Salaries and Wages Expense 1,800 Dividends 300 Share Capital-Ordinary 4,000 Required: a) Prepare closing entries at June 30, 2020. Date Accounts titles and explanation Debit Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13EB: Prepare an adjusted trial balance from the following account information, considering the adjustment...

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