question archive On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 15 101 Cash $ 94 , 400 Dr
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 15 101 Cash $ 94 , 400 Dr
Subject:AccountingPrice: Bought3
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 15 101 Cash $ 94 , 400 Dr. points 111 Accounts Receivable 35, 600 Dr. 121 Supplies 8,000 Dr. 131 Prepaid Rent 81, 200 Dr. 141 Equipment 128 , 000 Dr. 142 Accumulated Depreciation-Equip. 4,000 Cr. 202 Accounts Payable 17,000 Cr. Book 301 Emilio Gonzalez, Capital (12/1/2019) 131, 240 Cr. 302 Emilio Gonzalez, Drawing 16, 400 Dr. 401 Fees Income 327,200 Cr. 511 Advertising Expense 11, 600 Dr. Ask 514 Depreciation Expense-Equip. 2,000 Dr. Rent Expense 9 , 200 Dr. 519 Salaries Expense 77, 600 Dr. 523 Utilities Expense 15, 440 Dr. Print n Required: References 1. Journalize the closing entries in the general journal. 2. Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Analyze: What is the balance of the Salaries Expense account after closing entries are posted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze What is the balance of the salaries expense account after closing entries are posted? Salaries expense < Required 2 Analyze >
4 What is the balance of the Salaries Expense account after closing entries are posted?" Complete this question by entering your answers in the tabs below. 15 points Required 1 Required 2 Analyze Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. eBook Emilio Gonzalez, Capital Account No. 301 Emilio Gonzalez, Drawing Account No. 302 Date Debit Credit Balance Date Debit Credit Balance Ask Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Print Income Summary Account No. 399 Fees Income Account No. 401 n Date Debit Credit Balance Date Debit Credit Balance References Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Advertising Expense Account No. 511 Depreciation Expense- Equipment Account No. 514 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Rent Expense Account No. 517 Salaries Expense Account No. 519 Date Debit Credit Balance Date Debit Credit Balance Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Dec 31, 2019 Utilities Expense Account No. 523 Date Debit Credit Balance Dec 31, 2019 Dec 31, 2019 < Required 1 Analyze >
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 15 101 Cash $ 94 , 400 Dr. points 111 Accounts Receivable 35, 600 Dr. 121 Supplies 8,000 Dr. 131 Prepaid Rent 81, 200 Dr. 141 Equipment 128 , 000 Dr. 142 Accumulated Depreciation-Equip. 4,000 Cr. 202 Accounts Payable 17,000 Cr. Book 301 Emilio Gonzalez, Capital (12/1/2019) 131, 240 Cr. 302 Emilio Gonzalez, Drawing 16, 400 Dr. 401 Fees Income 327,200 Cr. 511 Advertising Expense 11, 600 Dr. Ask 514 Depreciation Expense-Equip. 2,000 Dr. Rent Expense 9 , 200 Dr. 519 Salaries Expense 77, 600 Dr. 523 Utilities Expense 15, 440 Dr. Print n Required: References 1. Journalize the closing entries in the general journal. 2. Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances. Analyze: What is the balance of the Salaries Expense account after closing entries are posted? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Analyze Journalize the closing entries in the general journal. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31, 2019 Fees income 94,400 94,400 < Required 1 Required 2 >
