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Hello I need help with an assignment. closing entr...

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Hello I need help with an assignment. closing entries and a post closing trial balance checkpoint, appendix F. Complete E4-4 on p.177 of financial accounting. Use templates in appendiz F and complete all 3 tabs. E4-4 Worksheet data for Goode Company are presented in E4-2. Instructions (a) Journalize the closing entries at April 30. (b) Post the closing entries to Income Summary and Retained Earnings. Use T accounts. (c) Prepare a post-closing trial balance at April 30. Closing Entries and a Post-closing Trial Balance Journalize Closing Entries Use this template to journalize the closing entries for Goode Company at April 30, 2008. GOODE COMPANY Closing Entries at April 30, 2008 DATE ACCOUNT TITLE AND EXPLANATION DEBIT CREDIT Apr 30 Service Revenue Income Summary 30 Income Summary Salaries expense Rent expense Depreciation expense Interest expense 30 Income Summary Retained earnings 30 Retained Earnings Dividends 2Appendix F Adjusting Entries, Posting, and Preparing an Adjusted Trial Balance Post Closing Entries For Goode Company, use these T account templates to post the closing entries to Income Summary and Retained Earnings. T ACCOUNTS Income Summary Retained Earnings 3Closing Entries and a Post-closing Trial Balance Prepare a Post-Closing Trial Balance Prepare a post-closing trial balance at April 30, 2008 for Goode Company.You can place summation formulas to compute totals at the end of debit and credit columns. Otherwise, you can compute totals using a calculator, then enter totals directly. Goode Company Post-Closing Trial Balance 30-Apr-08 DEBIT CREDIT Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Notes Payable Accounts Payable Interest Payable Common Stock Retained Earnings Totals

 

Paper#2907 | Written in 18-Jul-2015

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