Below are the adjusted accoutns of jims electrical service, Ask an Expert

Accounting

Below are the adjusted accoutns of Jims Electrical Service for the month ended May 31, 2013

Accts. Payable: $600

Accts. Rec.: 2,400

Accumulated Depreciations(Office Equipment):3,000

Cash:1,200

Service Revenue:5,400

Depreciation Expense- Office Equipment:150

Dividends: 750

Office Equipment: 7,500

Prepaid Rent:1,100

Salaries Expense:1,800

Common Stock:4,500

Retained Earnings:1,500

Utilities Expense:100

Prepare journal for Smith's closing entries. Omit Explanations

General Journal

Date Description Post. Ref. Debit Credit

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9943796

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