**Banes Domino's Corporation****Adjusted Trial Balance** March 31| **Debit** | **Credit** ||---------------|--------------|| Cash | 30,000 || Accounts Receivable | 45,200 || Supplies | 5,000 || Equipment | 169,900 || Accumulated Depreciation | | 32,000 || Accounts Payable | | 12,500 || Common Stock | | 51,600 || Retained Earnings | | 20,000 || Dividends | 47,000 | || Fees Earned | | 510,000 || Salary Expense | 244,500 | || Rent Expense | 48,000 | || Depreciation Expense | 25,000 | || Supplies Expense | 9,500 | || Miscellaneous Expense | 2,000 | |**Total**: Debit: 626,100 Credit: 626,100 *Note: If an amount box does not require an entry, leave it blank.*This adjusted trial balance summarizes the financial position of Banes Domino's Corporation as of March 31. It ensures that debits equal credits, confirming the accounts are balanced before preparing financial statements. The image shows a form with the instruction: "If an amount box does not require an entry, leave it blank."Below this instruction are two entries labeled "Mar. 31," each followed by several lines with dropdown menus and corresponding empty text boxes for input. The dropdown menus have a downward-pointing arrow, indicating that options can be selected. The text boxes next to each dropdown are for numerical or textual entries. This format is typically used for accounting or data entry purposes, where users may need to select options and enter corresponding amounts or data for each selected category.

Journal entries refers to those entries which are passed by the companies at the end of the period…

On the basis of the following data taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for the year ended March 31 for Banes Domino's Corporation, journalize the two closing entries. Cash Banes Domino's Corporation Adjusted Trial Balance March 31 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Rent Expense Depreciation Expense Supplies Expense Debit 30,000 45,200 5,000 169,900 A 47,000 244,500 48,000 25,000 9,500 Credit 32,000 12,500 51,600 20,000 510,000

On the basis of the following data taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for the year ended March 31 for Banes Domino's Corporation, journalize the two closing entries. Cash Banes Domino's Corporation Adjusted Trial Balance March 31 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Dividends Fees Earned Salary Expense Rent Expense Depreciation Expense Supplies Expense Debit 30,000 45,200 5,000 169,900 A 47,000 244,500 48,000 25,000 9,500 Credit 32,000 12,500 51,600 20,000 510,000

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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