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ID: 2342311 • Letter: A
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akeAssignme HoparnLO yeuem rt Gi i pháp-Rot No nprogress false ho) r Microsoft Word Onl D century College Boo, Think Python Doek4studertprom wordert Instructions C Post Closing Entries se the following partial listing of T accounts to complete this exercise. 1. Prepare closing entries dated April 30, 20-. Do not enter the posting references until you complete part 2. If an amount box does not require an entry leave it blank. . Post the closing entries to the T accounts following the top-down journal entry order. If there is more than one closing entry for an account, enter in the given in the journal above. Then, complete the posting for part 1. Cash 101 500 Accounts Receivable 122 219 Wages Payable Bal 400Explanation / Answer
Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. Date Title Debit Credit Apr 30 Tennis Instruction Fee $ 4,000 Income Summary $ 4,000 Apr 30 Income Summary $ 2,430 Wage Expense $ 750 Advertising Expense $ 200 Travel Expense $ 600 Supplies Expense $ 500 Insurance Expense $ 100 Postage Expense $ 50 Gas and Oil Expense $ 150 Miscellaneous Expense $ 80 Apr 30 Income Summary $ 1,570 Javian Davis, Capital $ 1,570 Apr 30 Javian Davis, Capital $ 1,000 Javian Davis, Drawing $ 1,000 Posting: Javian Davis, Capital Closing $ 1,000 Balance $ 9,000 Closing $ 1,570 Balance $ 9,570 Javian Davis, Drawing Balance $ 1,000 Closing $ 1,000 Income Summary Closing $ 1,570 Closing $ 4,000 Closing $ 2,430 Tennis Instruction Fee Closing $ 4,000 Balance $ 4,000 Wages Expense Balance $ 750 Closing $ 750 Advertising Expense Balance $ 200 Closing $ 200 Travel Expense Balance $ 600 Closing $ 600 Supplies Expense Balance $ 500 Closing $ 500 Insurance Expense Balance $ 100 Closing $ 100 Postage Expense Balance $ 50 Closing $ 50 Gas and Oil Expense Balance $ 150 Closing $ 150 Miscellaneous Expense Balance $ 80 Closing $ 80
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