ASAP please On journal paper, prepare the end of period CLOSING JOURNAL...
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Accounting
ASAP please
On journal paper, prepare the end of period CLOSING JOURNAL ENTRIES for the Quick-E Delivery Service. OMIT EXPLANATIONS
The adjusted account balances (assume normal balance) of the Quick-E Delivery Service at October 31 are as follows: Cash Accounts receivable Supplies Prepaid insurance Equipment Accumulated depreciation - equipment Accounts payable Retained earnings Common stock 30,000 36,000 1,200 4,000 75,000 15,000 30,000 32,200 50,000 75,000 5,000 20,000 6,000 10,000 3,000 7,000 15,000 Service revenue Interest revenue Depreciation expense Insurance expense Salaries expense Supplies expense Utilities expense Dividends
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