The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Earned, $56,000; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare the third closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. View transaction list Journal entry worksheet < The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Earned, $56,000; Depreciation Expense, Note: Enter debits before credits. Date Dec. 31 General Journal Debit Credit
The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Earned, $56,000; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare the third closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. View transaction list Journal entry worksheet < The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Earned, $56,000; Depreciation Expense, Note: Enter debits before credits. Date Dec. 31 General Journal Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Uramilaben
Transcribed Image Text:Knowledge Check 01
The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000;
Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Earned,
$56,000; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances.
Prepare the third closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and
credit columns.
View transaction list
Journal entry worksheet
The company's adjusted trial balance as follows includes the following
accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated
Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings,
$59,000; Dividends, $2,000; Fees Earned, $56,000; Depreciation Expense,
Note: Enter debits before credits.
Date
Dec. 31
General Journal
Debit
Credit
Record entry
Clear entry
View general Journal
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