Exercise 419 Date Account Titles and Explanation Debit Credi

Exercise 4-19

Date

Account Titles and Explanation

Debit

Credit

(To close revenue account)

(To close expense accounts)

(To close net income / (loss))

Open Show Work

SHOW LIST OF ACCOUNTS

LINK TO TEXT

SAVE FOR LATER

SUBMIT ANSWER

Exercise 4-19 This is a partial adjusted trial balance of Blossom Company. BLOSSOM COMPANY Adjusted Trial Balance January 31, 2017 Debit Credit Supplies $840 Prepaid Insurance 1,560 Salaries and Wages Payable $1,020 Unearned Service Revenue 750 Supplies Expense 810 Insurance Expense 520 Salaries and Wages Expense 1,960 Service Revenue 4,030 Prepare the closing entries at January 31, 2017. (If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 31 (To close revenue account) Jan. 31 (To close expense accounts) Jan. 31 (To close net income / (loss)) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT

Solution

Closing entries :