Office Supplies Shown below is D. Diesel Company's adjusted trial balance at the end of its nual accounting period (December 31, 2022) Account Cash Accounts Receivable Debit $15,000 Credit 15,000 Office Equipment 14,300 50,600 Accumulated Depreciation, $37,000 Equipment Long Term Notes Payable 50,000 D. Diesel, capital 20,000 D. Diesel, withdrawals 8,000 Service Revenue 71,000 Salary expense 32,500 Rent expense 31,200 Depreciation expense, equipment 5,000 Advertising expense 3,600 Office Supplies expense 2,800 Totals $178,000 $178,000 Required: (Two parts) PART 1 Prepare the necessary closing entries on December 31. **You do not need to provide explanations for the journal entries. ** Date Account Titles Debit Credit
Office Supplies Shown below is D. Diesel Company's adjusted trial balance at the end of its nual accounting period (December 31, 2022) Account Cash Accounts Receivable Debit $15,000 Credit 15,000 Office Equipment 14,300 50,600 Accumulated Depreciation, $37,000 Equipment Long Term Notes Payable 50,000 D. Diesel, capital 20,000 D. Diesel, withdrawals 8,000 Service Revenue 71,000 Salary expense 32,500 Rent expense 31,200 Depreciation expense, equipment 5,000 Advertising expense 3,600 Office Supplies expense 2,800 Totals $178,000 $178,000 Required: (Two parts) PART 1 Prepare the necessary closing entries on December 31. **You do not need to provide explanations for the journal entries. ** Date Account Titles Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
am. 118.
Transcribed Image Text:Office Supplies
Shown below is D. Diesel Company's adjusted trial balance at the end of its
nual accounting period (December 31, 2022)
Account
Cash
Accounts Receivable
Debit
$15,000
Credit
15,000
Office Equipment
14,300
50,600
Accumulated Depreciation,
$37,000
Equipment
Long
Term Notes Payable
50,000
D. Diesel, capital
20,000
D. Diesel, withdrawals
8,000
Service Revenue
71,000
Salary expense
32,500
Rent expense
31,200
Depreciation expense, equipment
5,000
Advertising expense
3,600
Office Supplies expense
2,800
Totals
$178,000
$178,000
Required: (Two parts)
PART 1
Prepare the necessary closing entries on December 31.
**You do not need to provide explanations for the journal entries. **
Date
Account Titles
Debit
Credit
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