Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the...


Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous<br>part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)<br>Owner's Capital<br>No. 301<br>Date<br>Explanation<br>Debit<br>Credit<br>Balance<br>July 31<br>July 31<br>July 31<br>Income Summary<br>No. 350<br>Date<br>Explanation<br>Debit<br>Credit<br>Balance<br>July 31<br>July 31<br>July 31<br>eTextbook and Media<br>List of Accounts<br>

Extracted text: Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Owner's Capital No. 301 Date Explanation Debit Credit Balance July 31 July 31 July 31 Income Summary No. 350 Date Explanation Debit Credit Balance July 31 July 31 July 31 eTextbook and Media List of Accounts
Oriole Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows.<br>Oriole Company<br>Adjusted Trial Balance<br>July 31, 2022<br>No.<br>Account Titles<br>Debit<br>Credit<br>101<br>Cash<br>$ 8,200<br>112<br>Accounts Receivable<br>9,400<br>157<br>Equipment<br>16,100<br>158<br>Accumulated Depreciation-Equip.<br>$7,400<br>201<br>Accounts Payable<br>4,500<br>208<br>Unearned Rent Revenue<br>1,500<br>301<br>Owner's Capital<br>44,600<br>306<br>Owner's Drawings<br>15,800<br>400<br>Service Revenue<br>64,700<br>429<br>Rent Revenue<br>6,800<br>711<br>Depreciation Expense<br>9,300<br>726<br>Salaries and Wages Expense<br>55,800<br>732<br>Utilities Expense<br>14,900<br>

Extracted text: Oriole Company ended its fiscal year on July 31, 2022. The company's adjusted trial balance as of the end of its fiscal year is as follows. Oriole Company Adjusted Trial Balance July 31, 2022 No. Account Titles Debit Credit 101 Cash $ 8,200 112 Accounts Receivable 9,400 157 Equipment 16,100 158 Accumulated Depreciation-Equip. $7,400 201 Accounts Payable 4,500 208 Unearned Rent Revenue 1,500 301 Owner's Capital 44,600 306 Owner's Drawings 15,800 400 Service Revenue 64,700 429 Rent Revenue 6,800 711 Depreciation Expense 9,300 726 Salaries and Wages Expense 55,800 732 Utilities Expense 14,900

Jun 02, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions ยป

Submit New Assignment

Copy and Paste Your Assignment Here