3) Kyle's Gaming Services showed the following adjusted trial balance on September 30, 20XX. (10 MARKS) Debit Credit Cash 32,500 Accounts Receivable 14000 Prepaid Insurance 5,500 Gaming Equipment 10,500 Accumulated Depreciation, Equipment 7,500 Accounts Payable 30000 K. Bauman, Capital 35,500 K. Bauman, Withdrawals 4,500 Gaming Services Revenue 45,000 Office Expense 5,000 Gaming Supplies Expense 8,000 Insurance Expense 6,000 Wages expense 32,000 118,000 118,000 Required: Journalize the closing entries of Kyle's Gaming Services on September 30, 20XX.

3) Kyle's Gaming Services showed the following adjusted trial balance on September 30, 20XX. (10 MARKS) Debit Credit Cash 32,500 Accounts Receivable 14000 Prepaid Insurance 5,500 Gaming Equipment 10,500 Accumulated Depreciation, Equipment 7,500 Accounts Payable 30000 K. Bauman, Capital 35,500 K. Bauman, Withdrawals 4,500 Gaming Services Revenue 45,000 Office Expense 5,000 Gaming Supplies Expense 8,000 Insurance Expense 6,000 Wages expense 32,000 118,000 118,000 Required: Journalize the closing entries of Kyle's Gaming Services on September 30, 20XX.

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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