Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 1 of 6 your answer is partially correct.

Question 1 of 6 Your answer is partially correct. The ledger of Carla Vista Company...

70.2K

Verified Solution

Question

Accounting

Question 1 of 6 Your answer is partially correct. The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300. Prepare the closing entries at December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. 31 Dec. 31 Dec. 31 Account Titles and Explanation Service Revenue Income Summary (To close revenue account) Income Summary Salaries and Wages Expense Supplies Expense (To close expense accounts) Income Summary Owner's Capital Debit 49,000 AUT 1.22/2 34800 14,200 Credit 49,000 100 28,000 6,800 14. 200
image
The ledger of Carla Vista Company contains the following balances: Owner's Capital $29,900, Owner's Drawings $1,100, Service Revenue $49,000, Salaries and Wages Expense $25,700, and Supplies Expense $7,300. Prepare the closing entries at December 31. (Credit occount titles are outomatically indented when amount is entered. Do not indent manuolly

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

Medical Sciences
1.2K views

If an individual had a bone marrow cancer and there was a large increase of red...

Physics
1.2K views

Construct a capacitor by filling a paper cup with water. What is the analog of voltage...

Advance Math
1.2K views

  Prove true or false. For each natural number n, ((n5/5)+(n^4/2)+(n^3/3)-(n/30)) is an integer

Biology
1.2K views

Discuss whether this evolutionary tree used the method of cladistics or phenetics to achieve the...

Physics
1.2K views

Paragraph Force between a point charge and uniformly charged non conducting a surface normal to...

Physics
1.2K views

The following diagram represents Neptune Uranus and the Sun in a straight line Neptune is...

Accounting
1.2K views

Mark and Alicia Story, recently married, have decided that they want to buy a $550,000...

Accounting
1.2K views

E8-42. Computing and Assessing Plant Asset Impairment Zeibart Company purchased equipment for $180,000...

Accounting
1.2K views

The beginning inventory was 380 units at a cost of $12 per unit. Goods available...

Accounting
1.2K views

Choose some interval of time (like 6 months), and take a screenshot of your favorite...

Accounting
1.2K views

Information about three securities appears next. a. Assuming interest and dividends are paid annually, calculate...

Finance
1.2K views

select all correct statements on whistle blowing won the best practice of whistle blowing is...