Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital. (Click the icon to view the accounts.) Journalize the closing entries. (Record debits first, then credits. Exclude explanations from closing entries.) Begin by closing out the revenue account. Date 201X Sept. Journal Entry Account Titles PR Dr. Cr. Data table Account Cash B. Burnett, Capital B. Burnett, Withdrawals Income Summary Consulting Fees Supplies Expense Salaries Expense Rent Expense Print Acct No. 110 310 311 312 410 510 520 530 Ending Balance 2,400 Dr. 600 Cr. 240 Dr. Done 1,100 Cr. 20 Dr. 350 Dr. 275 Dr.

Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital. (Click the icon to view the accounts.) Journalize the closing entries. (Record debits first, then credits. Exclude explanations from closing entries.) Begin by closing out the revenue account. Date 201X Sept. Journal Entry Account Titles PR Dr. Cr. Data table Account Cash B. Burnett, Capital B. Burnett, Withdrawals Income Summary Consulting Fees Supplies Expense Salaries Expense Rent Expense Print Acct No. 110 310 311 312 410 510 520 530 Ending Balance 2,400 Dr. 600 Cr. 240 Dr. Done 1,100 Cr. 20 Dr. 350 Dr. 275 Dr.

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Description: Given the following accounts, journalize the closing entries for September 30, 201X, and calculate the new ending balance for B. Burnett, Capital.(Click the icon to view the accounts.)Journalize the closing entries. (Record debits first, then credit

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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