teachin Mindlap Ce wONaGP6upn takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=assignment-take&inprogress-fa eBook Calculator Merchandise Inventory 115,000 Store Supplies Expense 21 Notes Payable 100,000 Prepare the July 31, 2019, closing entries for Serbian Interiors Company in the order as presented in the chapter. For a compound transaction, if an amount box does not require an entry, leave it blank. Sales 1,437.000 July 31 Administrative Expenses. 440,000 Cost of Merchandise Sold 775,000 Interest Expense 6,000 Selling Expenses 160,000 naimhmnnonmonimnmnnn Store Supplies Expense 21,500 Peter Bronsky, Capital Peter Bronsky, Capital 15,000 July 31 Peter Bronsky, Drawing 15,000 Feedback TCheck My Wbrk First, determine the type of account (Asset, Liability, Owner's Equity, Revenue, or Expense). Recall that closing entrie Drawing account to the Capital acc closed. A contra account is treated like the account to which it is related. close the Check My Work All work saved. lenovo

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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teachin
Mindlap Ce
wONaGP6upn
takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=assignment-take&inprogress-fa
eBook
Calculator
Merchandise Inventory
115,000
Store Supplies Expense
21
Notes Payable
100,000
Prepare the July 31, 2019, closing entries for Serbian
Interiors Company in the order as presented in the chapter.
For a compound transaction, if an amount box does not require an entry, leave it blank.
Sales
1,437.000
July 31
Administrative Expenses.
440,000
Cost of Merchandise Sold
775,000
Interest Expense
6,000
Selling Expenses
160,000
naimhmnnonmonimnmnnn
Store Supplies Expense
21,500
Peter Bronsky, Capital
Peter Bronsky, Capital
15,000
July 31
Peter Bronsky, Drawing
15,000
Feedback
TCheck My Wbrk
First, determine the type of account (Asset, Liability, Owner's Equity, Revenue, or Expense). Recall that closing entrie
Drawing account to the Capital acc
closed. A contra account is treated like the account to which it is related. close the
Check My Work
All work saved.
lenovo
Transcribed Image Text:teachin Mindlap Ce wONaGP6upn takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=assignment-take&inprogress-fa eBook Calculator Merchandise Inventory 115,000 Store Supplies Expense 21 Notes Payable 100,000 Prepare the July 31, 2019, closing entries for Serbian Interiors Company in the order as presented in the chapter. For a compound transaction, if an amount box does not require an entry, leave it blank. Sales 1,437.000 July 31 Administrative Expenses. 440,000 Cost of Merchandise Sold 775,000 Interest Expense 6,000 Selling Expenses 160,000 naimhmnnonmonimnmnnn Store Supplies Expense 21,500 Peter Bronsky, Capital Peter Bronsky, Capital 15,000 July 31 Peter Bronsky, Drawing 15,000 Feedback TCheck My Wbrk First, determine the type of account (Asset, Liability, Owner's Equity, Revenue, or Expense). Recall that closing entrie Drawing account to the Capital acc closed. A contra account is treated like the account to which it is related. close the Check My Work All work saved. lenovo
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