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Problem #6 - Closing Entries - 10 Points Using the Trial Balance below, prepa...

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Accounting

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Problem #6 - Closing Entries - 10 Points Using the Trial Balance below, prepa accounts and amounts are debits a Be Neat & Organized Trial Balance balance below, prepare the closing entries: Make sure I can see which amounts are debits and which accounts and amounts are credits. Credit Debit 285,000 $ closing Entries 4,800 45,000 16,500 178,500 - . Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable Interest Payable Unearned Service Revenue Salaries & Wage Payable Common Stock Retained Earnings Dividends Service Revenue Salaries & Wage Expense Supplies Expense Rent Expense Insurance Expense Interest Expense Depreciation Expense Bad Debt Expense $ $ $ $ $ 24,000 $ 150,000 $ 75,000 $ 1,500 $ 24,000 $ 18,000 $ 300,000 $ 125,000 $ $ 318,000 $ $ Sebebi $ $ $ $ $ 50,000 138,000 45,000 27,000 15,000 1,500 12,000 4,800

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