Accum. Depr.- Del. Equip. Wages Expense Bal. 1,800 Electricity Еxpense 185.1 511 533 Bal. 100 Bal. 44 Wages Payable Advertising Expense Insurance Expense 30 219 512 535 Bal. 200 Bal. 80 Bal Saburo Goto, Сapital Bal. Rent Expense Bal. 500 Gas and Oil 311 521 Expense 538 4,000 Bal. 38 Saburo Goto, Drawing 312 Supplies Еxpense Depr. Exp.- Del. Equip. 541 523 Bal. 800 Bal. 120 Bal. 100 Income Phone Miscellaneous Summary 313 Expense 525 Expense 549 Bal. 58 Bal. 33 Delivery Fees 401 Bal. 2,200

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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CLOSING ENTRIES (NET LOSS) Using the following partial listing of T
accounts, prepare closing entries in general journal form dated January
31, 20--. Then post the closing entries to the T accounts.

Accum. Depr.-
Del. Equip.
Wages
Expense
Bal. 1,800
Electricity
Еxpense
185.1
511
533
Bal.
100
Bal.
44
Wages
Payable
Advertising
Expense
Insurance
Expense
30
219
512
535
Bal.
200
Bal.
80
Bal
Saburo Goto,
Сapital
Bal.
Rent
Expense
Bal. 500
Gas and Oil
311
521
Expense
538
4,000
Bal.
38
Saburo Goto,
Drawing
312
Supplies
Еxpense
Depr. Exp.-
Del. Equip. 541
523
Bal.
800
Bal. 120
Bal. 100
Income
Phone
Miscellaneous
Summary
313
Expense
525
Expense
549
Bal.
58
Bal.
33
Delivery
Fees
401
Bal.
2,200
Transcribed Image Text:Accum. Depr.- Del. Equip. Wages Expense Bal. 1,800 Electricity Еxpense 185.1 511 533 Bal. 100 Bal. 44 Wages Payable Advertising Expense Insurance Expense 30 219 512 535 Bal. 200 Bal. 80 Bal Saburo Goto, Сapital Bal. Rent Expense Bal. 500 Gas and Oil 311 521 Expense 538 4,000 Bal. 38 Saburo Goto, Drawing 312 Supplies Еxpense Depr. Exp.- Del. Equip. 541 523 Bal. 800 Bal. 120 Bal. 100 Income Phone Miscellaneous Summary 313 Expense 525 Expense 549 Bal. 58 Bal. 33 Delivery Fees 401 Bal. 2,200
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