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ble eciation ense se able s es Expense 8,600 4,300 2,700 3,600 1,600 1,700 10,900 1,400 1,400 1,500 4,100 6,900 19,000 1,300

ble eciation ense se able s es Expense 8,600 4,300 2,700 3,600 1,600 1,700 10,900 1,400 1,400 1,500 4,100 6,900 19,000 1,300

FINANCIAL ACCOUNTING
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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The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal. Accounts Payable Accounts Receivable Accumulated Depreciation Common Stock Cash Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Payable Rent Expense Retained Earnings: Salaries and Wages Expense Service Revenue Deferred Revenue $ 3,400 8,600 4,300 2,700 3,600 1,600 1,700 10,900 1,400 1,400 1,500 4,100 6,900 19,000 1,300 Required: a. Prepare the closing entries. b. Prepare the post-closing trial balance as of December 31, 2022. c. Prepare the classified balance sheet at December 31, 2022. Journal entry worksheet Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Record the entry for closing the revenue and expense accounts.
Transcribed Image Text:The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Incorporated as of December 31, 2022. All account balances are normal. Accounts Payable Accounts Receivable Accumulated Depreciation Common Stock Cash Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Payable Rent Expense Retained Earnings: Salaries and Wages Expense Service Revenue Deferred Revenue $ 3,400 8,600 4,300 2,700 3,600 1,600 1,700 10,900 1,400 1,400 1,500 4,100 6,900 19,000 1,300 Required: a. Prepare the closing entries. b. Prepare the post-closing trial balance as of December 31, 2022. c. Prepare the classified balance sheet at December 31, 2022. Journal entry worksheet Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare the closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Record the entry for closing the revenue and expense accounts.
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