on the last day of April jack prepares the adjusting entries for his company. he has written adjusting entries in the account title column and recorded April 30 in the date column. what will jack do next ?
Write the title of the account debited in the account title column
In preparing adjustment entries for his company, Steve had written "Insurance Expense" in the account title column. What will he do NEXT?
Record the debit amount in the General Debit column
Micheal is preparing the closing entries for his company. He has closed all the income statement accounts that have a credit balance. What id the next step that he will perform?
Journalize an entry to close income statement accounts that have a debit balance
Mary is preparing the closing entries for her company. After sh has closed the Income Summary account, what will she do next?
Journalize an entry to close the owners drawing account
Steve is preparing the Post-closing trial balance. After he has written "post closing trial balance" in the heading section, what will he do next?
write the account titles of all general ledger accounts that have balances in the account title column
Adam is preparing the post-closing trial balance. He has recorded all the account balances in the correct column. What will he do next?
Rule a single line below the last amount in each column
James is closing the income summary account. His company had a net income of $900. the correct journal entry is to debit:
income summary and credit owners equity $900.
Mary is closing the income summary account. her company had a net loss of $2000. the correct journal entry is to debit:
owners equity and credit income summary $2000
the owners drawing account has a balance of $275. the correct entry to close the drawing account would be to debit
owners equity account credit drawing account for $275
when closing the advertising expense account debit
income summary and credit advertising expense
when closing a miscellaneous expense account debit
income summary and credit miscellaneous expense
the sales account had a balance or $3875 to close the sales account debit:
sales $3875 and credit income summary $3875
the beginning supplies balance is $2300 and the ending supplies balance is $2200. the correct adjusting entry will be to debit
supplies expense and credit supplies $100
the beginning prepaid insurance balance is $3700 and the ending prepaid insurance balance is $2200. the correct adjusting entry will be to debit
insurance expense and credit prepaid insurance $1500
group material 2.03 b contains a partial worksheet. the correct closing entry for the revenue account is to debit:
sales $7225 and credit income summary $7225
group materials 2.03 b contains a partial worksheet, the correct closing entry for the advertising expense account is to debit
income summary $550 and credt advertising expense $550
group material 2.03 contains a partial worksheet. the correct closing entry for the owners drawing account is to debit
anthony coleman, capital $325 and credit anthony coleman drawing $325
group material 2.03 b contains a partial worksheet. the correct closing entry for the income summary account id to debit
income summary $4625 and credit anthony cloeman, capital $4625
