Example Following the trial balance below, prepare a closing statement Account D C AR 21000 Acc.depreciation,equip cash depreciation expense,equip. equipments interest income rent expense salaries expense subsription revenue capital withdrawal. unearned revenue Totals 8500 1500 19000 17500 61000 19400 147900 $12000 450 71000 45450 19000 147900

Example Following the trial balance below, prepare a closing statement Account D C AR 21000 Acc.depreciation,equip cash depreciation expense,equip. equipments interest income rent expense salaries expense subsription revenue capital withdrawal. unearned revenue Totals 8500 1500 19000 17500 61000 19400 147900 $12000 450 71000 45450 19000 147900

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter3: Review Of A Company's Accounting System

Section: Chapter Questions

Problem 19GI

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