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Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip (a) balance columns of the worksheet for Sandhill Company are as follows. SANDHILL COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Account Titles WI Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 1 2 Adjusted Trial Balance Dr. Cr. 10,400 Apr 30 8,200 2,400 23,000 3,300 11,000 900 740 No. Date Account Titles and Explanation Apr 30 60 60,000 (To close revenue account) 4900 Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) 5,800 5,200 28,440 15,600 60 60,000 Debit 11 Credit

Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip (a) balance columns of the worksheet for Sandhill Company are as follows. SANDHILL COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Account Titles WI Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable Totals 1 2 Adjusted Trial Balance Dr. Cr. 10,400 Apr 30 8,200 2,400 23,000 3,300 11,000 900 740 No. Date Account Titles and Explanation Apr 30 60 60,000 (To close revenue account) 4900 Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts) 5,800 5,200 28,440 15,600 60 60,000 Debit 11 Credit

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter4: Income Measurement And Accrual Accounting
Section: Chapter Questions
Problem 4.33E
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justed that balance columns of the worksheet for Sandhill Company are as follows SANDHILL COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense (a) Account Titles Depreciation Expense Interest Expense Interest Payable Totals 1 2 Adjusted Trial Balance Dr. Cr. 10,400 8,200 Apr. 30 2,400 23,000 3,300 11,000 900 740 No. Date Account Titles and Explanation Apr. 30 60 60,000 (To close revenue account). 4,900 Journalize the closing entries at April 30, (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) 5,800 5,200 28,440 15,600 60 60.000 Debit Credit
Transcribed Image Text:justed that balance columns of the worksheet for Sandhill Company are as follows SANDHILL COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings Service Revenue Salaries and Wages Expense Rent Expense (a) Account Titles Depreciation Expense Interest Expense Interest Payable Totals 1 2 Adjusted Trial Balance Dr. Cr. 10,400 8,200 Apr. 30 2,400 23,000 3,300 11,000 900 740 No. Date Account Titles and Explanation Apr. 30 60 60,000 (To close revenue account). 4,900 Journalize the closing entries at April 30, (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) 5,800 5,200 28,440 15,600 60 60.000 Debit Credit
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