Maurice Tutor

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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
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Education

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 29 Jul 2017 My Price 7.00

Kay Magill Company

Kay Magill Company had the following adjusted trial balance.
KAY MAGILL COMPANYAdjusted Trial BalanceFor the Month Ended June 30, 2014Adjusted Trial BalanceAccount TitlesDebitCreditCash $3,546 Accounts Receivable 4,018 Supplies 473 Accounts Payable $1,567Unearned Service Revenue 143Owner’s Capital 4,487Owner’s Drawings 439 Service Revenue 5,497Salaries and Wages Expense 1,284 Miscellaneous Expense 389 Supplies Expense 1,969 Salaries and Wages Payable 424 Total $12,118 $12,118
Prepare closing entries at June 30, 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
No.Account Titles and ExplanationDebitCredit1.
(To close revenue account.)2.
(To close expense accounts)3.
(To close net income / (loss).)4.
(To close drawings)
SHOW LIST OF ACCOUNTSLINK TO TEXT
Prepare a post-closing trial balance.
KAY MAGILL COMPANYPost-Closing Trial BalanceFor the Month Ended June 30, 2014DebitCredit

Total

Answers

(5)
Status NEW Posted 29 Jul 2017 11:07 PM My Price 7.00

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