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The ledger of Novak Company contains the following balances: Retained Earnings $29,500, Dividends $3,000,5ervice Revenue $51,000, Salaries and Wages Expense \$26,000, and Supplies Expense $6,500. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(Joss). (4) Close dlvidends. Enter the balances in T-accounts, and post the closing entries. Service Revenue (1) 51,000 Dividends Income Summary (2) (1) 51,000 (3) Retained Earnings (4) 3,000 Bal. 29,500 (3) Bal. The adjusted trial balance columins of the worksheet for Pina Colada Company are as follows. Rent Expense Depreciation Expense 750 Interest Expense 40 Interest Payable Totals No. Date Account Titles and Explanation (1) Apr Service Reverue Income Summary (To close revenue account) (2) Apt, 30 income Summary Salaries ind Wates Evperise (To dose expense accounts) (3) Apr. 30 Incoithe Guanamary Metained f arnines. (To dose net income / (loss)) (4) Apr. Retained Earninss. 30 $3600 Dividends (To dose dividends) eTextbook and Media List of Accounts Post the closing entries to income Summary and Retained Earnings. (Post entries in the order of joumof entries were recorded in the previous part of the question.) Flint Company ended its fiscal year on July 31. 2022. The company's adjusted trial balance as of the end of its fiscal year is shown as follows. Prepare the closing entries. (Credit account tities are outomaticolly indented when amount is entered. Do not indent monually) July 31 (To dose net income/ (loss)) July 31 (To dose dividends) eTextbook and Media List of Accounts Post to the Retained Earnings and Income Summary accounts. (Post entries in the order of journal entries presented in the previous port. Enter negotive amounts using either a negotive sign preceding the number eg.-45 or porentheses eg. (45)) Prepare a post-closing trial balance at July 31 Bramble Company discovered the following errors made in January 2022. 1. A payment of Salaries and Wages Expense of $500 was debited to Equipment and credited to Cash, both for $500. 2. A collection of $3,500 from a client on account was debited to Cash $350 and credited to Service Revenue $350. 3. The purchase of equipment on account for $820 was debited to Equipment $280 and credited to Accounts Payable $280. Correct the errors by reversing the incorrect entry and preparing the correct entry. (Credit dccount titles are outomatically indented when amount is entered. Do not indent manuolly.) 2. (To reverse the incorred evtry) (To record the correct eritry) 3. (To reverse the incorrect entry) (To record the correct enitry) eTexibook and Media Correct the errors without reversing the incorrect entry. (Credt account thies are autamatioilly indented when amount is entered. Do not indent manuallyd These financial statement items are for Blue Spruce Company at year-end, July 31, 2022. Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number eg-45 or porentheses eg. (45).) Prepare a retained earnings statement for the year. Prepare a classified balance sheet at Julv 31. (List Current Astets in onder of liaulditu) Liabilities and Stockholders' Equity Current Assets Current Liablities Intangible Assots Long-term Investments Long-term Liabilities Property, Piant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total intangible Assets Total Liabllities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity The trial balance columns of the worksheet for Grouper Roofing at March 31, 2022, are as follows. Other data: 1. A physical count reveals only $600 of roofing supplies on hand. 2. Depreciation for March is $260. 3. Unearned service revenue amounted to $160 at March 31. 4. Accrued salaries are $800. Enter the trial balance on a worksheet and complete the worksheet. Retained Earnings 2,900 Dividends 1,100 Service Revenue 6.600 Salaries and Wages Expense 1.000 Miscellaneous Expense Supplies Expense Depreciathon Expense Salaries and Wages Payable Totals Netincome Totals Prepare an income statement for the month of March. (Enter negative amounts using either a negotive sign preceding the number eg. Prepare a retained earnings statement for the month of March. (Ust items thot inerease retained earnirgs first) Prepare a classified balance sheet at March 31. (List Current Asvets in order of liquidity) Labilities and Stockholders' Equity 5 5 Journalize the adjusting entries from the adjustments columns of the workeheet. Korodt occount thies are atonstically indented. when amount is entered. Do not indent manually) Journalize the dosing entries from the financial statement columns of the worksheet. (Credt occount fitles are oufomotically indented when amount is entered. Do not indent manualy? (To close experse accounts.) Mat, 31 (To dose net income /((0,s)) ) Mar 31 (To dose dividends.) eTevtbook and Media List of Accounts

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