: ACTG-121-ABHW chapter 4 XC Solved: The owner of a loca C All Of The Transactio

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: ACTG-121-ABHW chapter 4 XC Solved: The owner of a loca C All Of The Transactions Of C The Alphabetical Listing Bel + https://newconnect.mheducation.com/flow/connect.htm HW chapter 4 6 Hclp Save&Exit Submlt Check my work 4 The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are nonmal. 2.5 points Accounts Payable Accounts Reccivable Accunulated Depreciation Conmon Stock Cash Depreciation Expense Dividends Equipment Incone Tax Expense Incone Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Deferred Revenue 3,608 8,400 3,800 3,600 3,800 1,500 1,908 9,e00 1,288 1,28e 1,308 3,700 9,808 18,500 1,700 Requlred: a. Prepare the closing entries. (If no entry is required for a trensection/event, select "No Journal Entry Required" In the first account fleld.) b. Prepare the post-closing trial balance as of December 31, 2018. (Enter all aecount balances, ineluding any that may earry a zero- balance.) c. Prepare the classified balance sheet at December 31, 2018. (Amounts to be deducted should be Indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Required A Raquired B Required C KPrev of 4 Next 9:18 PM A ENG9/10/2018

Explanation / Answer

Closing entries:

Post closing trial balance :

Classified balance sheet

Date account and explanation debit credit Service revenue 18500 Income summary 18500 (To close revenue account) Income summary 13800 Depreciation expense 1500 Rent expense 1300 Salaries and wages expense 9800 Income tax expense 1200 (To close expense account) Income summary 4700 Retained earnings 4700 (To close income summary) Retained earnings 1900 Dividend 1900 (to close dividend account)

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