On December 31, 2019, the ledger of Lopez Company contained the
following account balances:
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Cash |
$ |
32,300 |
Maria Lopez, Drawing |
$ |
12,800 |
Accounts Receivable |
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2,550 |
Fees Income |
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50,250 |
Supplies |
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1,750 |
Depreciation Expense |
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2,400 |
Equipment |
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25,300 |
Salaries Expense |
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16,300 |
Accumulated Depreciation |
|
2,150 |
Supplies Expense |
|
2,650 |
Accounts Payable |
|
2,650 |
Telephone Expense |
|
2,250 |
Maria Lopez, Capital |
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47,550 |
Utilities Expense |
|
4,300 |
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Prepare the closing entries for the above transactions.
Note: Enter debits before credits.
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Date |
General Journal |
Debit |
Credit |
Dec 31, 2019 |
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Note: Enter debits before credits.
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Date |
General Journal |
Debit |
Credit |
Dec 31, 2019 |
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Note: Enter debits before credits.
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Date |
General Journal |
Debit |
Credit |
Dec 31, 2019 |
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Note: Enter debits before credits.
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Date |
General Journal |
Debit |
Credit |
Dec 31, 2019 |
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