Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
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: 401 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Sep 2017 My Price 9.00

Rios Company

Brief Exercise 4-5
Your answer is partially correct. Try again.
   
The ledger of Rios Company contains the following balances: Owner’s Capital $30,000; Owner’s Drawings $2,000; Service Revenue $50,000; Salaries and Wages Expense $27,000; and Supplies Expense $7,000.
The closing entries are as follows:
(1) Close revenue accounts.  
(2) Close expense accounts.  
(3) Close net income/(loss).  
(4) Close drawings.  

Post the closing entries in the order presented in the problem and use the numbers as a reference.
Salaries and Wages Expense
(3)(4)(2)TotalBal.(1)EAT_1356601583214_0_33946389784456676 27,000 (3)(4)Total(1)Bal.(2)EAT_1356601596881_0_8340212147535379 27000
Supplies Expense
Total(1)(2)(3)Bal.(4)EAT_1356601613380_0_19553797936854955 7000 (4)Total(2)Bal.(1)(3)EAT_1356601626983_0_49683990790738863 7000
Service Revenue
(1)(4)(3)TotalBal.(2)EAT_1356601644002_0_2694707485500105 50,000 Bal.(4)(2)Total(1)(3)EAT_1356601655670_0_17655500583722838 50,000
Owner’s Drawings
(4)Total(2)Bal.(3)(1)EAT_1356601670673_0_07842721362347826 2000 (2)(3)(4)TotalBal.(1)EAT_1356601682606_0_8504047185242275 2000
Income Summary
(2)(4)TotalBal.(1)(3)EAT_1356601699792_0_12634744932973685 (2)(3)TotalBal.(4)(1)EAT_1356601722504_0_7147600104859219
(2)(3)(4)Bal.Total(1) (2)Total(4)(3)Bal.(1)
Total(1)(3)Bal.(4)(2) (2)(4)Bal.Total(1)(3)
Owner’s Capital
(4)(1)(2)(3)TotalBal.EAT_1356601784060_0_7557054980497615 30000 (2)(3)Bal.(1)(4)TotalEAT_1356601816305_0_247268682684193 30000
Bal.Total(3)(1)(2)(4) (4)(3)TotalBal.(1)(2)
(1)TotalBal.(2)(3)(4) Total(3)Bal.(2)(1)(4)

Warning

Don't show me this message again for the assignment
Ok Cancel
Click if you would like to Show Work for this question: Open Show WorkModify Show Work
 

Link to Text

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Sep 2017 09:09 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)