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.”

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"