Need help for the closing entries and financial statements of this one. BDFGHKGeller CompanyWorksheetFor the year ending December 31, 2021Unadjusted Trial BalanceAdjustmentsAdjusted Trial BalanceBalance SheetIncome StatementDebitCreditDebitCreditDebitCreditDebitCreditDebitCreditBalance Sheet AccountsCashAccounts ReceivableOffice SuppliesCleaning EginmentDelivery FauinmentAccumulated Depreciation - Cleaning FouinmentAccumulated Depreciation - Delivery FouinmentAccounts PavableUnearned Service RevenueSalaries PavahleUtilities PawableRent PavableGeller CapitalGeller DrawingIncome Statement AccountsService RevenueSalaries ExnenseDepreciation ExnenseRent ExpenseSupplies EsenenseUtilities ExnenseP75.000P20.000P20.000P120.000P120.000P110.000P10.000P120.000P420.000P45.000P90.000P120.000P110.000PI0.000PI0.000P120.000P420.000P420.000POPOP14.000P50.000P50.000P14.000P14.000P50.000P50.000P45.000.P50.000P50.000P45.000P35.000P10.000P30.000P45.000POPOP35.000PI0.000P30.000P35.000POPOPA50.000P10.000P30.000P450.000P450.000P20.000P20.000P20.000P620.000P530.000P90.000P620.000P285.000P64.000P70.000P10.000РЗБ.000P285.000P250.000POPA0.000P64.000P30.000P64.000P70.000P10.000POP10.000P66.000P10.000Р75.000P75.000P504.000P620.000P116.000Net incomeP1,030,000 P1,030,000P284,000P284,000P1,304,000P1,304,000P800,000P684,000P504,000P620,000

Closing entries are those journal entries which are prepared for the closing of all temporary…

Answered: Need help for the closing entries and…

Business

Accounting

Need help for the closing entries and financial statements of this one.

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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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Need help for the closing entries and financial statements of this one.

B
D
F
G
H
K
Geller Company
Worksheet
For the year ending December 31, 2021
Unadjusted Trial Balance
Adjustments
Adjusted Trial Balance
Balance Sheet
Income Statement
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Debit
Credit
Balance Sheet Accounts
Cash
Accounts Receivable
Office Supplies
Cleaning Eginment
Delivery Fauinment
Accumulated Depreciation - Cleaning Fouinment
Accumulated Depreciation - Delivery Fouinment
Accounts Pavable
Unearned Service Revenue
Salaries Pavahle
Utilities Pawable
Rent Pavable
Geller Capital
Geller Drawing
Income Statement Accounts
Service Revenue
Salaries Exnense
Depreciation Exnense
Rent Expense
Supplies Esenense
Utilities Exnense
P75.000
P20.000
P20.000
P120.000
P120.000
P110.000
P10.000
P120.000
P420.000
P45.000
P90.000
P120.000
P110.000
PI0.000
PI0.000
P120.000
P420.000
P420.000
PO
PO
P14.000
P50.000
P50.000
P14.000
P14.000
P50.000
P50.000
P45.000.
P50.000
P50.000
P45.000
P35.000
P10.000
P30.000
P45.000
PO
PO
P35.000
PI0.000
P30.000
P35.000
PO
PO
PA50.000
P10.000
P30.000
P450.000
P450.000
P20.000
P20.000
P20.000
P620.000
P530.000
P90.000
P620.000
P285.000
P64.000
P70.000
P10.000
РЗБ.000
P285.000
P250.000
PO
PA0.000
P64.000
P30.000
P64.000
P70.000
P10.000
PO
P10.000
P66.000
P10.000
Р75.000
P75.000
P504.000
P620.000
P116.000
Net income
P1,030,000 P1,030,000
P284,000
P284,000
P1,304,000
P1,304,000
P800,000
P684,000
P504,000
P620,000

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