Supplies $ 32,000 Service Revenue $ 110,000 Supplies Expense 9,000 Salaries and Wages Expense 38,000 Accounts Receivable 18,000 Utilities Expense 8,000 Dividends 22,000 Rent Expense 16,000 Retained Earnings 75,000 Prepare the closing journal entries.

Supplies $ 32,000 Service Revenue $ 110,000 Supplies Expense 9,000 Salaries and Wages Expense 38,000 Accounts Receivable 18,000 Utilities Expense 8,000 Dividends 22,000 Rent Expense 16,000 Retained Earnings 75,000 Prepare the closing journal entries.

Name: Supplies$ 32,000Service Revenue$ 110,000Supplies Expense9,000Salaries
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Description: Supplies$ 32,000Service Revenue$ 110,000Supplies Expense9,000Salaries and Wages Expense38,000Accounts Receivable18,000Utilities Expense8,000Dividends22,000Rent Expense16,000Retained Earnings75,000Prepare the closing journal entries.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter14: Adjustments For A Merchandising Business

Section: Chapter Questions

Problem 5SEA: ADJUSTMENT FOR UNEARNED REVENUES USING T ACCOUNTS Set up T accounts for Cash, Unearned Ticket...

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