The following is the Bravo Unlimited adjusted Trial Balance. Bravo Unlimited Adjusted Trial Balance December 31, 2016

The following is the Bravo Unlimited adjusted Trial Balance.

Bravo Unlimited

Adjusted Trial Balance

December 31, 2016

Account Title

Debit

Credit

Cash

$88,450

Accounts Receivable

331,860

Supplies

13,255

Prepaid Rent

10,500

Equipment

295,285

Accumulated Depreciation

$236,760

Accounts Payable

75,555

Wages Payable

14,000

Capital Stock

220,000

Retained Earnings

111,145

Service Revenue

900,105

Interest Income

1,500

Rent Expense

64,000

Wages Expense

541,260

Supplies Expense

42,520  

Utilities Expense

8,595

Depreciation Expense

156,500  

Interest Expense

6,840

_________

     Totals

$1,559,065

$1,559,065

Prepare the general journal entry (without explanation) needed to close the revenue(s) for the year end. Use compound entries where required. If no entry is required then write “No Entry Required.”

 

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