Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i believe service revenue is missing from my closi

I believe service revenue is missing from my closing journal entry but I'm not sure...

70.2K

Verified Solution

Question

Accounting

I believe service revenue is missing from my closing journal entry but I'm not sure how to get it.
image
image
The Sky Blue Corporation has the following adjusted trial balance at December 31. Credit Debit $ 1,360 3,300 3,600 4,300 18,500 Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue Common Stock Retained Earnings Dividends Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense Total $ 5,200 6,720 1,650 4,200 860 3,700 1,520 430 53,730 430 24,200 2,600 5,520 2,700 7,300 4,200 $ 78,010 $ 78,010 View transaction list View journal entry worksheet No Date Debit Credit 1 December 31 53,730 430 General Journal Sales Revenue Rent Revenue Salaries and Wages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 24,200 2,600 5,520 2,700 7,300 4,200 2 December 31 430 Retained Earnings Dividends 430

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

Casey Nelson is a divisional manager for Pigeon Company. Hisannual pay raises are largely...

Basic Math
1.2K views

Find the distance between the skew lines given by the following parametric equations: L1: x=2t y=4t z=6t L2:...

Biology
1.2K views

Discuss the different ways in which microorganisms degrade and utilize lipids, carbohydrates, protein and amino acids.

Physics
1.2K views

mping find out the expressions for amplitude and time period find out the solution for...

Basic Math
1.2K views

Constellation Party Supplies makes different types of cylindrical glow sticks. Aregular glow stick has a...

Statistics
1.2K views

Which of the following commands will not properly extract the component of a list named...

Statistics
1.2K views

Pilots who cannot maintain regular sleep hours due to their work schedule often suffer from...

Algebra
1.2K views

For triangle ABC we are given that mZC 28 6 AC 28 3 in and...

Accounting
1.2K views

Have you ever clicked on a link to respond to a digital marketing offer? Whether...

Accounting
1.2K views

The following are comparative balance sheets for Pina Colada Company.

Accounting
1.2K views

At December 31, 2005, Brown Co. had a machine with an original cost of $90,000,...

Accounting
1.2K views

View the Transaction Journal for the Deposit. a. From the Navigation Bar, select Accounting...