question archive Activity 3 c-Post to the ledger
Activity 3 c-Post to the ledger
Subject:AccountingPrice: Bought3
Activity 3 c-Post to the ledger. T-accounts have been opened using the balances from the adjusted trial balance. Post the closing entries to the t-accounts and calculate ending balances for each account. For accounts that have a zero balance, enter the zero on the normal balance side. Use the acronym for closing entries as post references and include Bal. references where appropriate. For the Income Summary account, calculate and enter the Balance (Bal. before posting the entry to close out the account. Accounts and Explanation Accounts and Explanation Dec. service Revenue To dose loome Summary Accounts and Explanation Accounts and Explanation Retained Earnings To close Dividends Supplies Expense To dose Expenses Depreciation Expense-Furniture Rent Expense Interest Expense Salaries Expense Ad Bal Adi Bal HINT
