Business, 16.04.2020 20:01 JustMEok9849
On the basis of the following data taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for the year ended March 31 for Banes Domino's Corporation, journalize the two closing entries.
Banes Domino's Corporation
Adjusted Trial Balance
March 31
Debit Credit
Cash 30,000
Accounts Receivable 45,200
Supplies 5,000
Equipment 169,900
Accumulated Depreciation 32,000
Accounts Payable 12,500
Stock 51,600
Retained Earnings 20,000
Dividends 47,000
Fees Earned 510,000
Salary Expense 244,500
Rent Expense 48,000
Depreciation Expense 25,000
Supplies Expense 9,500
Miscellaneous Expense 2,000
Total 626,100 626,100
Journalize the four closing entries. Refer to the Chart of Accounts for exact wording of account titles. The journal should consist of 12 rows.
Answers: 3
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On the basis of the following data taken from the Adjusted Trial Balance columns of the end-of-perio...
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