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al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL + al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL +

al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL + al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL +

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL +
Transcribed Image Text:al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL +
al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL +
Transcribed Image Text:al | Home × Week 3: Homework × M McGraw Hill - Connect x M Question 4 - Week 3: Homew x + zto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%25 Homework i Saved Exercise 3-19 (Algo) Record closing entries and prepare a post-closing trial balance (LO3-6, 3-7) The December 31, 2024, adjusted trial balance for Ostrich Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Utilities Expense Interest Expense Totals Debit $32,000 Credit 250,000 6,000 50,000 365,000 $32,000 31,000 7,000 60,000 400,000 100,000 600,000 420,000 40,000 60,000 7,000 $1,230,000 $1,230,000 Required: 1. Record the necessary closing entries at December 31, 2024. 2. Prepare a post-closing trial balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a post-closing trial balance. OSTRICH CORPORATION < Prev 4 of 5 Next > Macbacks G Search or type URL +
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