Journalize the entries for the month Sunland Company shows the following balances in selected accounts of its adjusted trialbalance.Supplies$ 30,100Service Revenue$ 113,000Supplies Expense5,400Salaries and Wages Expense40,100Accounts Receivable11,600Utilities Expense8,600Owner's Drawings21,800Rent Expense18,900Owner's Capital78,000Journalize the closing entries at December 31. (Credit account titles are automaticallyindented when amount is entered. Do not indent manually.)

Closing entries are journal entries that made at the end of the accounting period. It closes all the…

Answered: Journalize the entries for the month

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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