Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. on december 31, the ledger of hartley engineering

On December 31, the ledger of Hartley Engineering Company contained the following account balances: Accounts...

50.1K

Verified Solution

Question

Accounting

image
image
image
image
image
On December 31, the ledger of Hartley Engineering Company contained the following account balances: Accounts payable Accounts receivable Accumulated depreciation Cash Depreciation expense Equipment Brie Hartley, Drawing $ 5,900 4,300 4,900 45,500 4,900 39,500 27,800 Fees income Supplies Salaries expense Supplies expense Telephone expense Eric Hartley, Capital Utilities expense $96,400 3,500 29,900 5,900 5,500 65,200 9,100 All the accounts have normal balances. Prepare the closing entries for Hartley Engineering Company on December 31. View transaction list Journal entry worksheet Record entry to transfer fees income to income summary. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit + Record entry Clear entry View general journal Journal entry worksheet Record entry to transfer expenses to income summary. Note: Enter debits before credits. General Journal Date Dec 31 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Record entry to transfer net income or net loss from income summary to capital. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet

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

Algebra
1.2K views

16 1 point Mr Mitchell was interested in the effects of music on student performance...

Physics
1.2K views

A particle of mass M moves along a straight line with initial speed vi. A force...

Psychology
1.2K views

A number of social problems relate to this topic, sometimes more hidden and other times quite...

General Management
1.2K views

Under what circumstances is team-working likely to be effective

Biology
1.2K views

In the following sentences insert colons where they can be effectively used Example In 1957...

Calculus
1.2K views

A bag contains 4 white 5 red and 6 blue balls Three balls are drawn...

Calculus
1.2K views

Let S be the surface parametrised by with 0 u 2 and 0 47 Which...

Calculus
1.2K views

Use the graph of y f x assuming f x 0 if x b or...

Algebra
1.2K views

8 Which of the following best represents the graph of f x A B y...

Algebra
1.2K views

a Identify the domain and range of the relation b Use the vertical line test...

Accounting
1.2K views

34. Explain the concept of continuous auditing and its advantages over traditional audit methods.@###@@###@@@@@@

Accounting
1.2K views

If products are alike, then for costing purposes a simple costing system will yield...