Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
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, 2016 of Aims Photography:

Account   Debit   Credit
Cash   $1,700   
Accounts Receivable   8,500   
Supplies   100   
Equipment   7,500   
Accumulated DepreciationEquipment      $2,000
Accounts Payable      1,200
Salaries Payable      800
Unearned Revenue      600
Common Stock      3,400
Dividends   2,300   
Service Revenue      40,000
Salaries Expense   24,000   
Supplies Expense   2,300   
Depreciation ExpenseEquipment   1,600   ______
Total   $48,000   $48,000

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 116 times
3 Replies
Replies
Answer verified by a subject expert
Mrgo-breedMrgo-breed
wrote...
#1
Top Poster
Posts: 2227
Rep: 276 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
I just realized you had posted this! Thanks so much
wrote...
#3
7 years ago
I'm liking this Slight Smile
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1324 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 694
  
 514
  
 210
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: Do you trust social media networks with protecting your privacy?