20A Particulars Cash in Bank F Debit Credit 758,180 382,000 45,000 10,000 80,000 Accounts Receivable Merchandise Inventory Store Supplies Inventory Prepaid Interest Transportation Equipment Notes Payable Accounts Payable E. Detoya, Capital E. Detoya, Drawing 700,000 500,000 305,000 1,045,000 30,000 902,000 35,000 Sales Installation Income 5,000 8,000 675,000 Sales Discounts Sales Returns & Allowances Purchases 3,600 6,500 Purchase Discounts Purchase Returns & Allowances Freight-In Rent Expense Salaries & Wages Taxes & Licenses 5,000 30,000 50,000 15,000 3,920 2,797,100 Freight-Out 2,797,100
20A Particulars Cash in Bank F Debit Credit 758,180 382,000 45,000 10,000 80,000 Accounts Receivable Merchandise Inventory Store Supplies Inventory Prepaid Interest Transportation Equipment Notes Payable Accounts Payable E. Detoya, Capital E. Detoya, Drawing 700,000 500,000 305,000 1,045,000 30,000 902,000 35,000 Sales Installation Income 5,000 8,000 675,000 Sales Discounts Sales Returns & Allowances Purchases 3,600 6,500 Purchase Discounts Purchase Returns & Allowances Freight-In Rent Expense Salaries & Wages Taxes & Licenses 5,000 30,000 50,000 15,000 3,920 2,797,100 Freight-Out 2,797,100
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...
Related questions
Question
Give its closing Closing Entries
![sdsN 6 3lu291Trial Balance
28 February 20A
20A
Particulars
Cash in Bank
Debit
Credit
Accounts Receivable
758,180
382,000
45,000
10,000
80,000
Merchandise Inventory
Store Supplies Inventory
Prepaid Interest
Transportation Equipment
Notes Payable
Accounts Payable
700,000
500,000
305,000
1,045,000
anw
E. Detoya, Capital
E. Detoya, Drawing
30,000
902,000
35,000
Sales
Installation Income
5,000
8,000
675,000
Sales Discounts
Sales Returns & Allowances
Purchases
3,600
Purchase Discounts
6,500
Purchase Returns & Allowances
Freight-In
Rent Expense
Salaries & Wages
5,000
30,000
sidpb 50,000
15,000
Taxes & Licenses
3,920
Freight-Out
2,797,100
2,797,100
TOTAL](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ac241ca-eb88-46a9-809f-7508f60fe619%2F101c3f3d-1f2e-4c08-8b7d-582ed300b1ac%2Fbn0bzfr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:sdsN 6 3lu291Trial Balance
28 February 20A
20A
Particulars
Cash in Bank
Debit
Credit
Accounts Receivable
758,180
382,000
45,000
10,000
80,000
Merchandise Inventory
Store Supplies Inventory
Prepaid Interest
Transportation Equipment
Notes Payable
Accounts Payable
700,000
500,000
305,000
1,045,000
anw
E. Detoya, Capital
E. Detoya, Drawing
30,000
902,000
35,000
Sales
Installation Income
5,000
8,000
675,000
Sales Discounts
Sales Returns & Allowances
Purchases
3,600
Purchase Discounts
6,500
Purchase Returns & Allowances
Freight-In
Rent Expense
Salaries & Wages
5,000
30,000
sidpb 50,000
15,000
Taxes & Licenses
3,920
Freight-Out
2,797,100
2,797,100
TOTAL
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Survey of Accounting (Accounting I)](https://www.bartleby.com/isbn_cover_images/9781305961883/9781305961883_smallCoverImage.gif)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting (Text Only)](https://www.bartleby.com/isbn_cover_images/9781285743615/9781285743615_smallCoverImage.gif)
Accounting (Text Only)
Accounting
ISBN:
9781285743615
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College