Accounts Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable due in two years Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense Depreciation expense Interest expense Utilities expense Totals View transaction list Journal entry worksheet 1 2 Debit $ 18,000 158,000 8,000 26,000 380,000 3 28,000 184,000 75,000 18,000 38,000 2,900 33,000 $968,900 Prepare the closing entries for Benson Company for the year ended December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Credit $ 132,000 10,000 3,300 1,400 27,000 160,000 225,200 410,000 $ 968,900
Prepare the closing entries for Benson Company for the year ended December 31, 2024. (If no entry is transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Prepare the closing entries for Benson Company for the year ended December 31, 2024. (If no entry transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the dividends accounts. Note: Enter debits before credits. Prepare the closing entries for Benson Company for the year ended December 31, 2024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
