Required information [The following information applies to the questions displayed below] The following is a list of accounts and adjusted amounts for Rollcom, Incorporated, for the fiscal year ended September 30, 2021. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 38,700 66,100 21,100 79,900 94,400 View transaction list 90,300 10,460 1,460 6,260 163,800 99 160 128,300 324,500 34,800 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) U

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
[The following information applies to the questions displayed below]
The following is a list of accounts and adjusted amounts for Rollcom, Incorporated, for the fiscal year ended September
30, 2021. The accounts have normal debit or credit balances.
Accounts Payable
Accounts Receivable
Accumulated Depreciation
Cash
Common Stock
Equipment
Income Tax Expense
Notes Payable (long-term)
office Expense
Rent Expense
Retained Earnings
Salaries and Wages Expense
Sales Revenue
Supplies
$ 38,700
66,100
21,100
79,900
94,400
90,300
10,460
1,460
6,260
163,800
99 160
View transaction list
128,300
324,500
34,800
2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry
Required" in the first account field.)
U
Transcribed Image Text:! Required information [The following information applies to the questions displayed below] The following is a list of accounts and adjusted amounts for Rollcom, Incorporated, for the fiscal year ended September 30, 2021. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expense Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 38,700 66,100 21,100 79,900 94,400 90,300 10,460 1,460 6,260 163,800 99 160 View transaction list 128,300 324,500 34,800 2. Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) U
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