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answerhappygod
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- The Following Is The Adjusted Trial Balance As Of December 31 2025 Of Dance Systems Inc Accounts Debit Credit Cash 1 (27.39 KiB) Viewed 24 times
- The Following Is The Adjusted Trial Balance As Of December 31 2025 Of Dance Systems Inc Accounts Debit Credit Cash 2 (26.53 KiB) Viewed 24 times
The following is the adjusted trial balance as of December 31, 2025 of Dance Systems, Inc.: Accounts Debit Credit Cash $24,000 Accounts Receivable 20,000 Prepaid Insurance 9.000 Office Supplies 6,000 Land 25,000 Building 200,000 Accumulated Depreciation-Building $42.000 Equipment 250.000 Accumulated Depreciation-Equipment 75,000 Accounts Payable 40,000 Salaries Payable 4,000 Unearned Revenue 5,000
Mortgage Payable 70,000 Common Stock 20,000 Dividends 15,000 Service Revenue 473,000 Salaries Expense 90,000 Depreciation Expense-Building and Equipment 15,000 Supplies Expense 50,000 Insurance Expense 13,000 Utilities Expense 12,000 Total $729,000 $729.000 Prepare the closing entries. Omit explanations.
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