Exercise 4-9 (Algo) Preparing closing entries and a post-closing trial balance LO P2 Following are...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Exercise 4-9 (Algo) Preparing closing entries and a post-closing trial balance LO P2 Following are accounts and year-end adjusted balances of Cruz Company as of December 31 1. Prepare the December 31 closing entries. The account number for income Summary is 901. 2. Prepare the December 31 post-closing trial balance. Note. The A. Cruz, Capital account balance was $40,340 on December 31 of the prior year Complete this questions by entering your answers in the tabs below. Prepare the December 31 closing entries. The account number for Income Summary is 901. Journal entry worksheet 4 Record the entry to close revenue accounts: Note: Enter debits before credits. Complete this questions by entering your answers in the tabs below. Prepare the December 31 post-closing trial balance. Note: The A. Cruz, Capital account balance was $40,340 on December 31 of the prior year
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!
