the closing entries for the Oakville Journal. Use the year-end date December 31, 2 Oakville Journal Worksheet December 31, 20-8 TRIAL BALANCE ACCOUNTS Bank Accounts Receivable Supplies and Materials Prepaid Insurance Land Buildings Acc. Dep. - Buildings Equipment Acc. Dep. - Equipment Automotive Equipment Acc. Dep. - Automotive Equipment Accounts Payable HST Payable HST Recoverable Bank Loan Mortgage Payable R.Lucht, Capital R Lucht, Drawings Revenue-Advertising Revenue- Circulation Bank Interest and Charges Expense Building Maintenance Expense Car Expense Miscellaneous Expense Mortgage Interest Expense Office Expense Office Salaries Expense Sales Promotions Expense Telephone Expense Truck Expense Utilities Expense Wages Expense Credit Debit 2000- 15317 20 2379516 4200- 775000- 630000- 95700- 75325- 750- 50000- 12150- 3220- 496050 594013 36300- 1240- 3431915 2750- 2946- | 26 3 3 4 19 | 11350- 94319- 1907 916 33 907 91633 450010- 22710- 30000- 921642 1280- 100 000 1660000- 72944891 218946- 91315-
the closing entries for the Oakville Journal. Use the year-end date December 31, 2 Oakville Journal Worksheet December 31, 20-8 TRIAL BALANCE ACCOUNTS Bank Accounts Receivable Supplies and Materials Prepaid Insurance Land Buildings Acc. Dep. - Buildings Equipment Acc. Dep. - Equipment Automotive Equipment Acc. Dep. - Automotive Equipment Accounts Payable HST Payable HST Recoverable Bank Loan Mortgage Payable R.Lucht, Capital R Lucht, Drawings Revenue-Advertising Revenue- Circulation Bank Interest and Charges Expense Building Maintenance Expense Car Expense Miscellaneous Expense Mortgage Interest Expense Office Expense Office Salaries Expense Sales Promotions Expense Telephone Expense Truck Expense Utilities Expense Wages Expense Credit Debit 2000- 15317 20 2379516 4200- 775000- 630000- 95700- 75325- 750- 50000- 12150- 3220- 496050 594013 36300- 1240- 3431915 2750- 2946- | 26 3 3 4 19 | 11350- 94319- 1907 916 33 907 91633 450010- 22710- 30000- 921642 1280- 100 000 1660000- 72944891 218946- 91315-
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
100%

Transcribed Image Text:Prepare the closing entries for the Oakville Journal. Use the year-end date December 31, 2021
Oakville Journal
Worksheet
December 31, 20-8
TRIAL BALANCE
ACCOUNTS
Bank
Accounts Receivable
Supplies and Materials
Prepaid Insurance
Land
Buildings
Acc. Dep. - Buildings
Equipment
Acc. Dep. - Equipment
Automotive Equipment
Acc. Dep. - Automotive Equipment
Accounts Payable
HST Payable
HST Recoverable
Bank Loan
Mortgage Payable
R.Lucht, Capital
R Lucht, Drawings
Revenue - Advertising
Revenue- Circulation
Bank Interest and Charges Expense
Building Maintenance Expense
Car Expense
Miscellaneous Expense
Mortgage Interest Expense
Office Expense
Office Salaries Expense
Sales Promotions Expense
Telephone Expense
Truck Expense
Utilities Expense
Wages Expense
Debit
201010-
15317 20
2379516
4200-
775000-
630000-
95700-
75325-
750-
500000-
12150-
3220-
496050
594013
36 300-
1240-
| 34| 3 | 19 |15 |
2750-
2946-
2633419
11350-
94319-
1907 9 16 331907 91 633
Credit
45000-
22710-
30000-
921642
1280-
100 000
660000-
72944891
218946-
91315-
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