- Question 7 What Is The Utility Payable Balance In The Trial Balance O 8500 None Of The Above 0 850 1 Pts Name Abc 1 (43.16 KiB) Viewed 10 times
- Question 7 What Is The Utility Payable Balance In The Trial Balance O 8500 None Of The Above 0 850 1 Pts Name Abc 2 (49.18 KiB) Viewed 10 times
- Question 7 What Is The Utility Payable Balance In The Trial Balance O 8500 None Of The Above 0 850 1 Pts Name Abc 3 (49.18 KiB) Viewed 10 times
Name: ABC Inc. established its operation at January 1st, 2014. A) Enter all necessery Journal Entries that occured during the year. B) Then prepare the adjusting entries, closing entries, financials, worksheet & T accounts. 1) In January, Initial stock issuance: 2) January, bought Equipment for $ 63000, 10 years life, $3000 residual value 3) November, paid total utility bills: 4) in January, paid in advance rent for two years 5) In February, received prepayment from a customer for service to be provided 6) Dec. 31st 2014, unearned revenue balance 7) In December, Dividend declared During the Year JE's Account Name Debit Credit $450,000 $63,000 $3,000 $8,500 $12,000 $42.000 $2,000 510,000