Use the adjusted trial balance for the dog training business to record closing entries. Adjusted Trial Balance December 31 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment Accounts payable Wages payable Unearned revenue Common stock Retained earnings (as of December 1) Dividends Services revenue Rental revenue Depreciation expense - Equipment Wages expense Insurance expense Rent expense Supplies expense Totals Debit $13,100 1,400 1,200 3,300 6,000 500 100 800 300 1,000 800 $ 28,500 Credit $100 700 600 1,200 20,000 0 5,300 600 $ 28,500

Use the adjusted trial balance for the dog training business to record closing entries. Adjusted Trial Balance December 31 Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - Equipment Accounts payable Wages payable Unearned revenue Common stock Retained earnings (as of December 1) Dividends Services revenue Rental revenue Depreciation expense - Equipment Wages expense Insurance expense Rent expense Supplies expense Totals Debit $13,100 1,400 1,200 3,300 6,000 500 100 800 300 1,000 800 $ 28,500 Credit $100 700 600 1,200 20,000 0 5,300 600 $ 28,500

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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