185. Selected ledger accounts appear below for Fulton Surveying Services for 2011.
12/3115,0001/120,0003/3112,00012/3115,000
12/3119,00012/3164,000
12/3145,000
186. On the basis of the following data taken from the Adjusted Trial Balance columns of the work sheet for the year ended March 31 for Boles Athletic Company, journalize the four closing entries.
Cash$ 30,000
Accounts Receivable45,200
Supplies5,000
Equipment169,900
Accumulated Depreciation$ 32,000
Accounts Payable12,500
Capital Stock20,000
Retained Earnings51,600
Dividends47,000
Fees Earned510,000
Salary Expense244,500
Rent Expense48,000
Depreciation Expense25,000
Supplies Expense9,500
Miscellaneous Expense2,000
$626,100$626,100
187. After all adjustments have been made, but before the accounts have been closed, the following balances were taken from the ledger of Ramona’s Designs:
Accounts Payable$ 30,000Rent Expense$ 31,400
Accounts Receivable64,500Salary Expense46,000
Accumulated Depreciation73,325Salaries Payable1,150
Cash17,150Service Revenue191,000
Depreciation Expense11,500Supplies1,500
Equipment165,000Supplies Expense2,500
Insurance Expense1,600Capital Stock24,000
Miscellaneous Expense2,000Retained Earnings77,950
Prepaid Insurance6,275Dividends48,000