The adjusted trial balance for Yondel Company at December 31, 2021 is presented below: Credit Debit...
The adjusted trial balance for Yondel Company at December 31, 2021 is presented below:
Prepare the closing entries for Yondel Company for the year ended December 31, 2021.
Homework Answers
| Date | General Journal | Debit | Credit | |
| 1 | December 31,2021 | Service Revenue | 330000 | |
| Retained earnings | 330000 | |||
| Date | General Journal | Debit | Credit | |
| 2 | December 31,2021 | Retained earnings | 262000 | |
| Salaries expense | 200000 | |||
| Rent expense | 28000 | |||
| Utilities expense | 34000 | |||
| Date | General Journal | Debit | Credit | |
| 3 | December 31,2021 | Retained earnings | 15000 | |
| Dividends | 15000 |
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