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AYAYAI COMPANY Adjusted Trial Balance March 31, 2025 Debit Credit Cash Accounts Receivable $15,996 11,656 Supplies Prepaid Insurance Equipment 868 3,100 19,840 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends $5,952 7,192 1,364 744 18,600 6,944 7,192 Service Revenue 42,904 Rent Revenue 17,856 Salaries and Wages Expense 22,444 Supplies Expense 2,232 Rent Expense 14,880 Insurance Expense 1,860 Depreciation Expense 1,488 $101,556 $101,556 Prepare the closing entries for the temporary accounts at March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation 1. 2. 3. (To close revenue accounts.) (To close expense accounts.) 4. (To close net income/(loss).) (To close dividends account.) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer

AYAYAI COMPANY Adjusted Trial Balance March 31, 2025 Debit Credit Cash Accounts Receivable $15,996 11,656 Supplies Prepaid Insurance Equipment 868 3,100 19,840 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends $5,952 7,192 1,364 744 18,600 6,944 7,192 Service Revenue 42,904 Rent Revenue 17,856 Salaries and Wages Expense 22,444 Supplies Expense 2,232 Rent Expense 14,880 Insurance Expense 1,860 Depreciation Expense 1,488 $101,556 $101,556 Prepare the closing entries for the temporary accounts at March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation 1. 2. 3. (To close revenue accounts.) (To close expense accounts.) 4. (To close net income/(loss).) (To close dividends account.) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.2MBA: Allowance method Using transactions listed in £6-S. indicate the effects of each transaction on the...
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AYAYAI COMPANY Adjusted Trial Balance March 31, 2025 Debit Credit Cash Accounts Receivable $15,996 11,656 Supplies Prepaid Insurance Equipment 868 3,100 19,840 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends $5,952 7,192 1,364 744 18,600 6,944 7,192 Service Revenue 42,904 Rent Revenue 17,856 Salaries and Wages Expense 22,444 Supplies Expense 2,232 Rent Expense 14,880 Insurance Expense 1,860 Depreciation Expense 1,488 $101,556 $101,556 Prepare the closing entries for the temporary accounts at March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation 1. 2. 3. (To close revenue accounts.) (To close expense accounts.) 4. (To close net income/(loss).) (To close dividends account.) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer
Transcribed Image Text:AYAYAI COMPANY Adjusted Trial Balance March 31, 2025 Debit Credit Cash Accounts Receivable $15,996 11,656 Supplies Prepaid Insurance Equipment 868 3,100 19,840 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends $5,952 7,192 1,364 744 18,600 6,944 7,192 Service Revenue 42,904 Rent Revenue 17,856 Salaries and Wages Expense 22,444 Supplies Expense 2,232 Rent Expense 14,880 Insurance Expense 1,860 Depreciation Expense 1,488 $101,556 $101,556 Prepare the closing entries for the temporary accounts at March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation 1. 2. 3. (To close revenue accounts.) (To close expense accounts.) 4. (To close net income/(loss).) (To close dividends account.) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer
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