Using the information from the Adjusted Trial

Balance, journalize the closing entries for the end of the month.

SMART TOUCH LEARNING

Adjusted Trial Balance

December 31, 2016

Balance

Account Title

Debit Credit

Cash 17,500

Accounts Receivable 9,700

Office Supplies 200

Prepaid Rent 11,700

Furniture 20,500

Accumulated Depreciation–Furniture 7,000

Accounts Payable 2,300

Salaries Payable 500

Interest Payable 300

Unearned Revenue 5,800

Notes Payable 8,200

Bright, Capital 23,200

Bright, Withdrawals 29,600

Service Revenue 53,000

Depreciation Expense–Furniture 2,300

Interest Expense 300

Rent Expense 3,500

Salaries Expense 4,100

Supplies Expense 900

Total 100,300 100,300

 

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