Debit Credit Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred...

Prepare closing entries

Debit<br>Credit<br>Cash<br>Accounts Receivable<br>Prepaid Insurance<br>Notes Receivable (long-term)<br>Equipment<br>Accumulated Depreciation<br>Accounts Payable<br>Salaries and Wages Payable<br>Income Taxes Payable<br>Deferred Revenue<br>$ 1,390<br>3,600<br>3,900<br>4,600<br>20,000<br>$ 5,800<br>7,020<br>1,800<br>4,500<br>920<br>Common Stock<br>4,000<br>1,640<br>Retained Earnings<br>Dividends<br>Sales Revenue<br>460<br>56,430<br>Rent Revenue<br>460<br>Salaries and yages Expense<br>Depreciation Expense<br>Utilities Expense<br>Insurance Expense<br>Rent Expense<br>Income Tax Expense<br>24,800<br>2,900<br>5,820<br>3,000<br>7,600<br>4,500<br>Total<br>$82,570<br>$82,570<br>

Extracted text: Debit Credit Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred Revenue $ 1,390 3,600 3,900 4,600 20,000 $ 5,800 7,020 1,800 4,500 920 Common Stock 4,000 1,640 Retained Earnings Dividends Sales Revenue 460 56,430 Rent Revenue 460 Salaries and yages Expense Depreciation Expense Utilities Expense Insurance Expense Rent Expense Income Tax Expense 24,800 2,900 5,820 3,000 7,600 4,500 Total $82,570 $82,570

Jun 09, 2022

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Debit Credit Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts Payable Salaries and Wages Payable Income Taxes Payable Deferred...

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