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PROBLEM 6-7A CLOSING ENTRIES AND POST-CLOSING TRIAL BALANCE Refer to the work sheet in Problem 6-7A for Megaffin’s Repairs. The trial balance amounts (before adjustments) have been entered in the ledger accounts provided in the working papers. If you are not using the working papers that accompany this book, set up ledger accounts and enter these balances as of January 31, 20--. A chart of accounts is provided below. REQUIRED 1. Journalize (page 10) and post the adjusting entries. 2. Journalize (page 11) and post the closing entries. 3. Prepare a post-closing trial balance.

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College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756
BuyFind

College Accounting, Chapters 1-27

23rd Edition
HEINTZ + 1 other
Publisher: Cengage Learning,
ISBN: 9781337794756

Solutions

Chapter
Section
Chapter 6, Problem 8SPA
Textbook Problem

PROBLEM 6-7A

Chapter 6, Problem 8SPA, PROBLEM 6-7A CLOSING ENTRIES AND POST-CLOSING TRIAL BALANCE Refer to the work sheet in Problem 6-7A , example  1

CLOSING ENTRIES AND POST-CLOSING TRIAL BALANCE Refer to the work sheet in Problem 6-7A for Megaffin’s Repairs. The trial balance amounts (before adjustments) have been entered in the ledger accounts provided in the working papers. If you are not using the working papers that accompany this book, set up ledger accounts and enter these balances as of January 31, 20--. A chart of accounts is provided below.

Chapter 6, Problem 8SPA, PROBLEM 6-7A CLOSING ENTRIES AND POST-CLOSING TRIAL BALANCE Refer to the work sheet in Problem 6-7A , example  2

REQUIRED

  1. 1. Journalize (page 10) and post the adjusting entries.
  2. 2. Journalize (page 11) and post the closing entries.
  3. 3. Prepare a post-closing trial balance.

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Chapter 6 Solutions

College Accounting, Chapters 1-27
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