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how to solve this template? Problem 3 On December 31,...

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Accounting

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Problem 3 On December 31, Hartley Enterprises prepared the following adjusted trial balance. Journalize the closing entries (template on the next page). Hartley Enterprises Trial Balance December 31, 2020 Cash 4,000 Accounts Receivable 12,000 Merchandise Inventory 8.950 Store Supplies 550 Office Supplies 300 Prepaid Insurance 750 Store Equipment 33.000 Accumulated Depreciation Store Equipment 14,895 Office Equipment 9,000 Accumulated Depreciation Office Equipment 5,000 Accounts Payable 9,000 Salaries Payable 200 Notes Payable 18,000 J.D. Hartley, Capital 25,300 J. D. Hartley, Drawing 16,000 Sales 29,900 Sales Returns and Allowances 250 Sales Returns 200 Interest Income 55 Purchases 10,950 Purchase Discounts 200 Freight-in 550 Salary Expense 3,500 Store Supplies Expense 650 Office Supplies Expense 475 Insurance Expense 525 Depreciation Expense-Store Equipment 400 Depreciation Expense-Office Equipment 450 102.500 102.550 Totals Problem 3 Template Date Accounts Debit Credit

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