Jan 02 Cash 40,000 Common stock 2,000 Additional paid-in capital 38,000 Jan 09 A
ID: 2479207 • Letter: J
Question
Jan 02
Cash
40,000
Common stock
2,000
Additional paid-in capital
38,000
Jan 09
Accounts receivable
14,300
Service revenue
14,300
Jan 10
Supplies
4,900
Accounts payable
4,900
Jan 12
Treasury stock
18,000
Cash
18,000
Jan 15
Accounts payable
16,500
Cash
16,500
Jan 21
Cash
49,100
Service revenue
49,100
Jan 22
Cash
16,600
Accounts receivable
16,600
Jan 29
Dividends
3,300
Dividends payable
3,300
Jan 30
Cash
12,000
Treasury stock
10,800
Additional paid-in capital
1,200
Jan 31
Salaries expense
42,000
Cash
42,000
Jan 31
Utilities expense
6,200
Accounts payable
6,200
Jan 31
Supplies expense
7,300
Supplies
7,300
Jan 31
Depreciation expense
1,500
Accumulated depreciation
1,500
Jan 31
Income tax expense
2,000
Income tax payable
2,000
Jan 31
No Transaction Recorded
Jan 31
No Transaction Recorded
I have gotten all of the information except for (below)
Record the entry to close the revenue accounts
Record the entry to close the expense accounts
Record the entry to close the dividend accounts
Jan 02
Cash
40,000
Common stock
2,000
Additional paid-in capital
38,000
Jan 09
Accounts receivable
14,300
Service revenue
14,300
Jan 10
Supplies
4,900
Accounts payable
4,900
Jan 12
Treasury stock
18,000
Cash
18,000
Jan 15
Accounts payable
16,500
Cash
16,500
Jan 21
Cash
49,100
Service revenue
49,100
Jan 22
Cash
16,600
Accounts receivable
16,600
Jan 29
Dividends
3,300
Dividends payable
3,300
Jan 30
Cash
12,000
Treasury stock
10,800
Additional paid-in capital
1,200
Jan 31
Salaries expense
42,000
Cash
42,000
Jan 31
Utilities expense
6,200
Accounts payable
6,200
Jan 31
Supplies expense
7,300
Supplies
7,300
Jan 31
Depreciation expense
1,500
Accumulated depreciation
1,500
Jan 31
Income tax expense
2,000
Income tax payable
2,000
Jan 31
No Transaction Recorded
Jan 31
No Transaction Recorded
Explanation / Answer
Total revenue = 14300+49100= 63400
Date Account title Debit credit 1 Service revenue 63400 Income summary 63400 [To close revenue account ] 2 Income summary 59000 Salaries expense 42000 Utilities expense 6200 supplies expense 7300 Depreciation expense 1500 Income tax expense 2000 [to close expense account ] 3 Income summary 4400 Retained earning 4400 [to close income summary ] 4 Retained earning 3300 Dividend 3300 [to close dividend ]Related Questions
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