Please help me with this question. Closing Entries Victoria Lee Company had the following adjusted trial...
Please help me with this question.
Closing Entries
Victoria Lee Company had the following adjusted trial balance.
VICTORIA LEE COMPANY Adjusted Trial Balance For the Month Ended June 30, 2019
Adjusted Trial Balance
Account Titles Debit Credit
Cash $ 3,712
Accounts Receivable 3,904
Supplies 480
Accounts Payable $ 1,382
Unearned Service Revenue 160
Owner’s Capital 5,760
Owner’s Drawings 550
Service Revenue 4,300
Salaries and Wages Expense 1,260
Miscellaneous Expense 256
Supplies Expense 1,900
Salaries and Wages Payable 460
Total $12,062 $12,062
Instruction: Prepare closing entries at June 30, 2019
Homework Answers
| Date | Account title | Debit | Credit |
| Jun-30 | Service revenue | $ 4,300 | |
| Income summary | $ 4,300 | ||
| (To close revenue accounts) | |||
| Jun-30 | Income summary | $ 3,416 | |
| Salaries and wages expense | $ 1,260 | ||
| Misc. expense | $ 256 | ||
| Supplies expense | $ 1,900 | ||
| (To close expenditure account) | |||
| Jun-30 | Income summary ($4,300-$3,416) | $ 884 | |
| Owner’s Capital | $ 884 | ||
| (To close income summary) | |||
| Jun-30 | Owner’s Capital | $ 550 | |
| Owner’s Drawings | $ 550 | ||
| (To close drawings) |
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Closing Entries
Victoria Lee Company had the following adjusted trial...
adjusted trial balance ent CAL Exercise 4-07 a-b (Part Level Submission) (video) Victoria Lee Company had...
adjusted trial balance
ent CAL Exercise 4-07 a-b (Part Level Submission) (video) Victoria Lee Company had the following adjusted trial balance. Victoria Lee Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable $3,712 3,904 480 Supplies Accounts Payable $1,382 160 5,760 Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 550 4,300 1,260 256 1,900 460...
if you arent able to get it exactly like the template thats ok Adjusted Trial Balance...
if you arent able to get it exactly like the template thats
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Adjusted Trial Balance For the Month Ended June 30, 2020 Credit Adjusted Trial Balance Debit $ 3,712 3,904 480 Account Titles Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable $ 1,382 160 5,760 550 4,300 1,260 256 1,900 $12,062 460 $12,062 Instructions (a) Prepare closing entries at June...
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adjusted trial balance
ent CAL Exercise 4-07 a-b (Part Level Submission) (video) Victoria Lee Company had the following adjusted trial balance. Victoria Lee Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash Accounts Receivable $3,712 3,904 480 Supplies Accounts Payable $1,382 160 5,760 Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable 550 4,300 1,260 256 1,900 460...
if you arent able to get it exactly like the template thats
ok
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Prepare closing entries at June 30, 2019
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