US Kimmel, Financial Accounting, 8e Practice Assignment Gradebook ORION Download
ID: 2332660 • Letter: U
Question
US Kimmel, Financial Accounting, 8e Practice Assignment Gradebook ORION Downloadable eTextbook ssignment Before Adjustment ter Adjustment Cash Accounts Receivable $11,860 $11,860 8,650 2,810 4,150 16,900 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense 2,700 $3,803 5,130 $5,003 5,130 1,310 920 15,540 5,180 1,820 15,540 5,180 2,940 2,940 34,790 12,010 35,380 12,910 18,280 1,020 16,970 Supplies Expense 13,993 Rent Expense Insurance Expense Depreciation Expense 1,450 $78,273 $78,273 $81,373$81,373 e to searchExplanation / Answer
Date Account Titles and Explanation Debit Credit Aug. 31 Service revenue 35380 Rent revenue 12910 Income Summary 48290 (To close revenue accounts) Aug. 31 Income Summary 35943 Salaries and wages expense 18280 Supplies expense 1020 Rent expense 13993 Insurance expense 1450 Depreciation expense 1200 (To close expense accounts) Aug. 31 Income Summary ($48290 - $35943) 12347 Retained earnings 12347 (To close income / (loss)) Aug. 31 Retained earnings 2940 Dividend 2940 (To close dividends)
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