EARNING OUTCOME # 4 B-Closing Journal Entries On November 1. 2017, Victoria Garza began Garza...
60.1K
Verified Solution
Link Copied!
Question
Accounting
EARNING OUTCOME # 4 B-Closing Journal Entries On November 1. 2017, Victoria Garza began Garza Dcor, Inc. On December 31st, her adjusted trial balance showed the following (alphabetically arranged) items and amounts ccounts pavable S12,000 Office fumishings $40,000 Accounts receivable ash Fees earmed Notes payable 19,000 Dividends 21,200 Rent expense 34,000 Salaries expense 6,000 9,600 4,200 250 4,250 Telephone expense 50,000 Retained Eamings ommon Stock Prepare the journal entries to close the temporary accounts NOTE Input your entries in the table below. For the correct solution, you will use the entire space provided when you leave 1 blank row between each Journal Entry. Journal Date Account Title Debit Credit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!