Top Posters
Since Sunday
g
3
3
r
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
H3Ko H3Ko
wrote...
Go to Answer
Posts: 4891
Rep: 45 0
7 years ago
The following is the adjusted trial balance as of December 31, 2017 of Martin Watch, Inc.:

Accounts   Debit   Credit
Cash   $ 18,000   
Accounts Receivable   30,000   
Prepaid Insurance   9,000   
Office Supplies   3,200   
Building   165,000   
Accumulated DepreciationBuilding      $ 12,000
Equipment   88,000   
Accumulated DepreciationEquipment      8,500
Land   45,000   
Accounts Payable      12,000
Salaries Payable      2,000
Unearned Revenue      25,000
Mortgage Payable      100,000
Common Stock      21,290
Dividends   25,840   
Service Revenue      325,000
Salaries Expense   63,000   
Depreciation ExpenseBuilding and Equipment   6,250   
Supplies Expense   15,000   
Insurance Expense   14,500   
Utilities Expense   23,000   _______
Total   $505,790   $505,790

Provide the closing entry for revenues.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 117 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
#1
Top Poster
Posts: 1272
Rep: 267 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  937 People Browsing
 176 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 364
  
 98
  
 205
Your Opinion
What's your favorite math subject?
Votes: 293
Previous poll results: Which 'study break' activity do you find most distracting?