Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 4 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 5.00

Howe Audio Equipment

Making closing entries

Howe Audio Equipment’s accounting records carried the following selected accounts at April 30, 2012:

Inventory

$ 5,900

Selling expense

  

$ 7,300

Interest revenue

40

Sales revenue

  

38,400

Accounts payable

1,000

Interest expense

  

30

Cost of goods sold

26,900

Accounts receivable

  

600

Other expense

1,700

General and administrative expense

900

Howe, drawing

300

Howe, capital

  

8,730

Requirements

1. Journalize the closing entries at April 30, 2012.

2. Set up T-accounts for Income summary and Howe, capital. Post the closing entries to the T-accounts and calculate their ending balances.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 09:09 PM My Price 5.00

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