18 Ces Laker Incorporated S Fiscal Year End Is December 31 2021 The Following Is An Adjusted Trial Balance As Of Decem 1 (28.14 KiB) Viewed 6 times
18 Ces Laker Incorporated S Fiscal Year End Is December 31 2021 The Following Is An Adjusted Trial Balance As Of Decem 2 (28.53 KiB) Viewed 6 times
18 ces Laker Incorporated's fiscal year-end is December 31, 2021. The following is an adjusted trial balance ás of December 31. Credit Accounts Cash Supplies Prepaid Rent Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Utilities Expense Totals Debit $ 10,600 32,000 23,000 2,600 18,600 11,600 8,600 6,600 $113,600 $1,600 16,000 33,000 7,600 55,400 $113,600 Required: 1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
1. Prepare the necessary closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. Date December 31, 2021 Note: Enter debits before credits. General Journal Debit Credit
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