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The adjusted trial balance for Johnson Golf Club at its October 31, 2024, year end included the following: Repairs expense 22,100/Debit Credit Cash $8,200 Prepaid expenses 4,700 Equipment 75,000 Accumulated depreciation-equipment $16,200 Accounts payable 16,900 Unearned revenue 2,800 N. Johnson, capital 71.700 N. Johnson, drawings 45.500 Service revenue 131,000. Rent expense 10,500 Salaries expense 72,600 Prepare closing entries. (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 0 for the amounts. List all debit entries before credit entries.)

The adjusted trial balance for Johnson Golf Club at its October 31, 2024, year end included the following: Repairs expense 22,100/Debit Credit Cash $8,200 Prepaid expenses 4,700 Equipment 75,000 Accumulated depreciation-equipment $16,200 Accounts payable 16,900 Unearned revenue 2,800 N. Johnson, capital 71.700 N. Johnson, drawings 45.500 Service revenue 131,000. Rent expense 10,500 Salaries expense 72,600 Prepare closing entries. (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 0 for the amounts. List all debit entries before credit entries.)

SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 11P
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The adjusted trial balance for Johnson Golf Club at its October 31, 2024, year end included the following: Repairs expense 22,100/Debit Credit Cash $8,200 Prepaid expenses 4,700 Equipment 75,000 Accumulated depreciation-equipment $16,200 Accounts payable 16,900 Unearned revenue 2,800 N. Johnson, capital 71.700 N. Johnson, drawings 45.500 Service revenue 131,000. Rent expense 10,500 Salaries expense 72,600 Prepare closing entries. (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 0 for the amounts. List all debit entries before credit entries.)
Transcribed Image Text:The adjusted trial balance for Johnson Golf Club at its October 31, 2024, year end included the following: Repairs expense 22,100/Debit Credit Cash $8,200 Prepaid expenses 4,700 Equipment 75,000 Accumulated depreciation-equipment $16,200 Accounts payable 16,900 Unearned revenue 2,800 N. Johnson, capital 71.700 N. Johnson, drawings 45.500 Service revenue 131,000. Rent expense 10,500 Salaries expense 72,600 Prepare closing entries. (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 0 for the amounts. List all debit entries before credit entries.)
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