z i The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings. $219,000; Service Revenue, $845,000; Salaries Expense, $379,000: Rent Expense, $139,000; Interest Expense, $74,000; and Dividends. $49,000. Record the necessary closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the entry to close revenue accounts. Note: Enter debits before credits. Date December 31 Saved General Journal Debit Credit
z i The year-end adjusted trial balance of Aggies Corporation included the following account balances: Retained Earnings. $219,000; Service Revenue, $845,000; Salaries Expense, $379,000: Rent Expense, $139,000; Interest Expense, $74,000; and Dividends. $49,000. Record the necessary closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the entry to close revenue accounts. Note: Enter debits before credits. Date December 31 Saved General Journal Debit Credit
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter1: Accounting And The Financial Statements
Section: Chapter Questions
Problem 74.2C: Case 1-74 Comparative Analysis: Under Armour, lnc., versus Columbia Sportswear Refer to the 10-K...
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Step 1
JOURNAL ENTRIES
Journal Entry is the First stage of Accounting Process. Journal Entry is the Process of Recording all Financial & Non Financial Transaction in a Proper Format.
Journal entries help to Keep the Records of All Transactions.
Golden Rule of Journal Entry :—
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- Debit the Receiver, Credit the Giver.
- Debit what Comes in, Credit what Goes Out.
- Debit all Expenses & Losses, Credit all Income & Gains.
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