Exercise 4-9 (Algo) Preparing closing entries and a post-closing trial balance LO P2 Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number Account Title 101 Cash 126 Supplies 128 Prepaid insurance. 167 Equipment 168 Accumulated depreciation-Equipment 301 A. Cruz, Capital 302 A. Cruz, Withdrawals Services revenue 403 612 622 637 640 652 Depreciation expense-Equipment Salaries expense Insurance expense Rent expense Supplies expense Totals Debit $ 18,000 10,300 2,000 23,000 Credit $ 6,500. 41,105 49,800 6,000 2,000 29,033 2,092 3,337 1,643 $ 97,405 $ 97,405 1. Prepare the December 31 closing entries. The account number for Income Summary is 901. 2. Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $41,105 on December 31 of the prior year.

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UNCOLLECTIBLE ACCOUNTSALLOWANCE METHOD Lewis Warehouse used the allowance method to record the following transactions, adjusting entries, and closing entries during the year ended December 31, 20--: Selected accounts and beginning balances on January 1, 20--, are as follows: REQUIRED 1. Open the three selected general ledger accounts. 2. Enter the transactions and the adjusting and closing entries in a general journal (page 6). After each entry, post to the appropriate selected accounts. 3. Determine the net realizable value as of December 31, 20--.

UNCOLLECTIBLE ACCOUNTSALLOWANCE METHOD Pyle Nurseries used the allowance method to record the following transactions, adjusting entries, and closing entries during the year ended December 31, 20--. REQUIRED 1. Open the three selected general ledger accounts. 2. Enter the transactions and the adjusting and closing entries in a general journal (page 6). After each entry, post to the appropriate selected accounts. 3. Determine the net realizable value as of December 31.

CLOSING ENTRIES (NET LOSS) Using the following partial listing of Taccounts, prepare closing entries in general journal form dated January31, 20--. Then post the closing entries to the T accounts.

Complete the accounting cycle using the adjusted trial balance below. JM PHOTOCOPYING CENTER Adjusted Trial Balance December 31, 2019 Account Title Debit Credit Cash P 16.500.00 Accounts Receivable 7.500.00 Allowance for doubtful accounts P 150.00 Note Receivable 5,527.50 3.000.00 Unused Supplies Prepaid rent 5.000.00 Photocopying Equipment 30,000.00 450.00 Accumulated Depreciation - Photocopying Equipment Furniture and Fixtures 5.000.00 Accumulated Depreciation - Furniture & Fixtures 75.00 Accounts payable 2.500.00 Loan payable 50,000.00 Notes payable 5.000.00 Salaries Payable 816.67 Unearned Photocopying Revenues 1,800.00 Mercado, Capital 10,000.00 Mercado, Drawing 500.00 Photocopying Revenues 24,227.50 Taxes and Licenses Expense 2,000.00 Salaries expense 4.800.00 Supplies expense 7,000.00 Utilities expense 2,500.00 Rent expense 5,000.00 525.00 Depreciation Expense Bad debts expense 166.67 P 95,019.17 P 95,019.17 Totals Requirements: 1. Prepare Financial Statements: Profit and loss…

2020.12.30 15:27 accounts of here in form: The for Pascual has entries "a" through "e" to at Dec. 31, All the and equity Identifying Entries Completing the Accounting Cycle| 283 NAME: SCORE: SECTION: PROFESSOR: Problem #4 dentifying and Journalizing Closing Entries of %3D Accounts Receivable Pascual, Withdrawals 524,000 (a) Supplies Service Revenues 1,030,000 Accumulated Depreciation-Furniture Salaries Expense (q) Accumulated Depreciation-Building (p) Supplies Expense 330,000 (a) (c) Salaries Payable Depreciation Expense-Furniture 000, () (a) Depreciation Expense-Building (c) Pascual, Capital 494,000 Required:

EB11. O 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Debit Credit 66,000 Equipment Accumulated depreciation Supplies Salaries payable 22,000 6,000 3,500 A amount due for employee salaries, $4,800 B. actual count of supplies inventory, $ 2,300 C. depreciation on equipment, $3,000

SING THE FOLLOWING DATA, PREPARE THE APPROPRIATE CLOSING JOURNAL ENTRIES (R ---+- --T-- - ccounts payable 15 ---+- food inventory 30 ccounts receivable 87 --+-- - -+- bbq, withdrawals : 18 - -1 salaries expense 49 dining revenue 90 1- - - --- - accumulated depreciation -blg prepaid rent expense cost of sales 107 property taxes payable 一 building 60 pension obligation 27 catering income |44 transportation expense 9 70 +----+- - - unearned catering income 35 cash 'depreciation expense 2 bbq, capital --4-- - + 70 marketable securities : 40 delivery fees 20 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). TTTT Paragraph 3 (12pt) 1ミ、三 T - Arial ABC fx @ふ囲 困 田一 图图□0HTML CSS Mashups account title DR

EA11. LO 4.3 Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. Unadjusted Trial Balance Account Title Debit Credit Fixed assets 120,000 Accumulated depreciation Prepaid rent 24,000 18,000 Unearned revenue 3,500 A. depreciation on fixed assets, $ 8,500 B. unexpired prepaid rent, $12,500 C. remaining balance of unearned revenue, $55