Question Completion Status: Jassim Service Company's adjusted trial balance at the end of 31 Credit...
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Question Completion Status: Jassim Service Company's adjusted trial balance at the end of 31 Credit 3,500 Jassim Service Company Adjusted Trial Balance December 31 Debit Cash 17,500 Accounts receivable 16,000 Office supplies 9,000 Office equipment 28,000 Accumulated depreciation- Office equipment Long-term notes payable Jassim, Capital Jassim, Withdrawals 1,500 Fees earned Salaries expense 31,400 Rent expense 17,210 Depreciation expense-Office equipment 1,750 Office supplies expense 2,700 Totals $125,060 23,500 26,100 71,960 $125,060 1.760 Office supplies expense Totals 2,700 $125,060 $125,060 Required: Given the above information, prepare the following: a. The necessary closing entries. Journal entry example: Dr. Office Maintenance expense BD 500 Cr. Cash BD 500 b. What is the balance of Jassim, Capital' in the post-closing trial balance? [you MUST show your calculation) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)
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