Sahali Inc.'s ending trial balance from May 31, 2021 is below. You were hired as the accountant on June 1 and your task is to complete the accounting cycle for the year end of June 30. The company prepares adjusting journal entries monthly, which means the adjusting entries for May were prepared properly by the former accountant. Debit Credit Cash $ 8,660 Accounts receivable 7,440 Supplies 1,600 30,000 Equipment Accumulated depreciation- equipment Accounts payable $ 3,000 6,200
Sahali Inc.'s ending trial balance from May 31, 2021 is below. You were hired as the accountant on June 1 and your task is to complete the accounting cycle for the year end of June 30. The company prepares adjusting journal entries monthly, which means the adjusting entries for May were prepared properly by the former accountant. Debit Credit Cash $ 8,660 Accounts receivable 7,440 Supplies 1,600 30,000 Equipment Accumulated depreciation- equipment Accounts payable $ 3,000 6,200
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
Section: Chapter Questions
Problem 3PA: The following partial work sheet covers the affairs of Masanto and Company for the year ended June...
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Please I need help with the accounts my books are not balancing
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