The company's adjusted trial balance as follows includes the following accounts balances: cash $15,000; Equipment,...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The company's adjusted trial balance as follows includes the following accounts balances: cash $15,000; Equipment, $85000; Accumulated Depreciation, $25000; Accounts payable, $10000; Owner, Capital, $59000; Owner, Withdrawls, $2000; Fees earned, $56000; Depreciation Expense, $25000; and salaries Expense, $23000. All accounts have normal balances. Prepare closing entry #2 by selecting the account names and dollar amounts from the drop-down menus.
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: Zin AI - Your personal assistant for all your inquiries!
