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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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
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