Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
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 Peri Brothers, 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 Service 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 expenses.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 716 times
9 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
riahla

Related Topics

H3Ko Author
wrote...
#2
7 years ago
I just realized you had posted this! Thanks so much
wrote...
#3
5 years ago
yes!
wrote...
#4
5 years ago
This was so helpful thank you
wrote...
#5
3 years ago
thank you
wrote...
#6
3 years ago
thanks
wrote...
#7
3 years ago
as
wrote...
#8
3 years ago
J
wrote...
#9
3 years ago
yes
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1069 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 108
  
 104
  
 16
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?