20An adjusted trial balance is shown below.
Debit
Credit
Cash$12,600
Accounts receivable2,400
Prepaid rent800
Inventory28,000
Accounts payable$4,200
Salary payable1,000
Notes payable800
Common stock1,000
Retained earnings12,800
Dividends1,000
Sales revenue96,000
Sales returns and allowances1,600
Sales discounts400
Cost of goods sold25,000
Salary expense21,000
Rent expense14,000
Depreciation expense8,500
Supplies expense500
Total$115,800$115,800
Please prepare the first closing entry:
21An adjusted trial balance is shown below.
Debit
Credit
Cash$12,600
Accounts receivable2,400
Prepaid rent800
Inventory28,000
Accounts payable$4,200
Salary payable1,000
Notes payable800
Common stock1,000
Retained earnings12,800
Dividends1,000
Sales revenue96,000
Sales returns and allowances1,600
Sales discounts400
Cost of goods sold25,000
Salary expense21,000
Rent expense14,000
Depreciation expense8,500
Supplies expense500
Total$115,800$115,800
Please prepare the second closing entry:
22An adjusted trial balance is shown below.
DebitCredit
Cash$12,600
Accounts receivable2,400
Prepaid rent800
Inventory28,000
Accounts payable$4,200
Salary payable1,000
Notes payable800
Common stock1,000
Retained earnings12,800
Dividends1,000
Sales revenue96,000
Sales returns and allowances1,600
Sales discounts400
Cost of goods sold25,000
Salary expense21,000
Rent expense14,000
Depreciation expense8,500
Supplies expense500
Total$115,800$115,800
Please provide the third closing entry:
23An adjusted trial balance is shown below.
DebitCredit
Cash$12,600
Accounts receivable2,400
Prepaid rent800
Inventory28,000
Accounts payable$4,200
Salary payable1,000
Notes payable800
Common stock1,000
Retained earnings12,800
Dividends1,000
Sales revenue96,000
Sales returns and allowances1,600
Sales discounts400
Cost of goods sold25,000
Salary expense21,000
Rent expense14,000
Depreciation expense8,500
Supplies expense500
Total$115,800$115,800
Please provide the fourth closing entry: