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post closinf entries BLOSSOMFISHING CENTRE...

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Accounting

post closinf entries
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BLOSSOMFISHING CENTRE Balance Sheet Year Ended March 31, 2024 Assets Current Assets Cash $ Interest Receivable Supplies Total Current Assets: Non-current Assets Long-term Investments Property, Plant, and Equipment Land $45000 Bullding $175000 Less : Accumulated Depreciation-Building (30000) 145000 Equipment 35000 Less : Accumulated Depreciation-Equipment (17500) i 17500 Total Assets BLOSSOMFISHING CENTRE Balance Sheet Year Ended March 31, 2024 Assets $ \begin{tabular}{r} \hline 7500 \\ \hline \\ \hline 650 \\ \hline 1300 \\ \hline 9450 \\ \hline \end{tabular} 28000 $45000 $175000 Depreciation-Building 35000 Depreciation-Equipment (17500) i 17500 207500 $ - Liabilities and Owner's Equity $ Use T accounts to post the closing entries and calculate the balance in each account. (Ignore the accounts not affected by the closing entries.) (Post entries in the order of journal entries presented in the previous part. For balances ending in O select "Bal." for the date and 0 for the amount for the normal balance of the account and for the Income Summary account, enter the ending balance on the credit sirle I Depreciation Expense Insurance Expense Interest Expense Salaries Expense Supplies Expense Bal. Utilities Expense

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