Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 8,130 Accounts Receivable 12 3,300 Prepaid Expenses 13 2,750 Equipment 18 10,400 Accumulated Depreciation 19 2,200 Accounts Payable 21 2,700 Notes Payable 22 1,000 Diane Miller, Capital 31 11,200 Diane Miller, Drawing 32 4,870 Fees Earned 41 36,600 Wages Expense 51 12,450 Rent Expense 52 4,900 Utilities Expense 53 3,475 Depreciation Expense 54 2,150 Miscellaneous Expense 59 1,275 53,700 53,700 Prepare closing entries. If an amount box does not require an entry, leave it blank.

Adjusted Trial Balance December 31 Account Debit Credit No. Balances Balances Cash 11 8,130 Accounts Receivable 12 3,300 Prepaid Expenses 13 2,750 Equipment 18 10,400 Accumulated Depreciation 19 2,200 Accounts Payable 21 2,700 Notes Payable 22 1,000 Diane Miller, Capital 31 11,200 Diane Miller, Drawing 32 4,870 Fees Earned 41 36,600 Wages Expense 51 12,450 Rent Expense 52 4,900 Utilities Expense 53 3,475 Depreciation Expense 54 2,150 Miscellaneous Expense 59 1,275 53,700 53,700 Prepare closing entries. If an amount box does not require an entry, leave it blank.

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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