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    Journal: EC4-4 (P. 233) (Registro en El Diario de Las Entradas de Cierre: 8 PTS.)

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    Tania Reyes
    1) The documents provide journal entries for closing entries made at the end of the accounting period for multiple sole proprietorships. This includes entries to close revenue and expense accounts to the capital account of the owner. 2) The closing entries transfer balances from temporary accounts like income summary and revenue to the capital account of the owners, and close out expense accounts to calculate the net income or loss for the period. 3) A post-closing trial balance is presented showing account balances after the closing entries have been made.

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    Journal: EC4-4 (P. 233) (Registro en El Diario de Las Entradas de Cierre: 8 PTS.)

    Uploaded by

    Tania Reyes
    24 views4 pages
    1) The documents provide journal entries for closing entries made at the end of the accounting period for multiple sole proprietorships. This includes entries to close revenue and expense accounts to the capital account of the owner. 2) The closing entries transfer balances from temporary accounts like income summary and revenue to the capital account of the owners, and close out expense accounts to calculate the net income or loss for the period. 3) A post-closing trial balance is presented showing account balances after the closing entries have been made.

    Original Description:

    tarea contabilidad

    Original Title

    6.1

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    1) The documents provide journal entries for closing entries made at the end of the accounting period for multiple sole proprietorships. This includes entries to close revenue and expense accounts to the capital account of the owner. 2) The closing entries transfer balances from temporary accounts like income summary and revenue to the capital account of the owners, and close out expense accounts to calculate the net income or loss for the period. 3) A post-closing trial balance is presented showing account balances after the closing entries have been made.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    24 views4 pages

    Journal: EC4-4 (P. 233) (Registro en El Diario de Las Entradas de Cierre: 8 PTS.)

    Uploaded by

    Tania Reyes
    1) The documents provide journal entries for closing entries made at the end of the accounting period for multiple sole proprietorships. This includes entries to close revenue and expense accounts to the capital account of the owner. 2) The closing entries transfer balances from temporary accounts like income summary and revenue to the capital account of the owners, and close out expense accounts to calculate the net income or loss for the period. 3) A post-closing trial balance is presented showing account balances after the closing entries have been made.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 4

    EC4-4 (p. 233) (Registro en el diario de las entradas de cierre: 8 pts.

    Journal
    DATE

    ACCOUNTS AND EXPLANATIONS

    POST
    .
    REF.

    DEBIT

    CREDIT

    Closing entries (all at December


    31):
    a Brett Kaufman, Capital
    .
    Brett Kaufman, Withdrawals

    9,000
    9,000

    b Service Revenue
    .
    Income Summary

    24,300

    c Income Summary
    .
    Salary Expense
    Rent Expense
    Advertising Expense

    13,500

    d Income Summary
    .
    ($24,300 $13,500)
    Brett Kaufman, Capital

    24,300

    6,600
    3,600
    3,300

    10,800
    10,800

    EC4-5 (p. 233) (Registro en el diario de las entradas de cierre: 10 pts.)


    Cedrick Owens, Capital
    Clo.

    11,00 Bal.
    0
    Clo.

    20,30
    0
    12,50

    Cedrick Owens,
    Withdrawals
    Bal 11,00 Clo. 11,00
    .
    0
    0

    Income Summary
    Clo
    .
    Clo

    12,70 Cl
    0 o.
    12,50 Ba

    25,20
    0
    12,50

    Bal.

    Clo
    .

    0
    21,80
    0

    Service Revenue
    25,20 Ba
    25,2
    0 l.
    00

    Bal.

    Salary Expense
    7,50 Clo.
    7,50
    0
    0

    0 l.

    Bal
    .

    Rent Expense
    3,00 Clo. 3,00
    0
    0

    Advertising Expense
    Bal 2,20 Clo.
    2,20
    .
    0
    0

    Cedrick Owens, Capital ending balance = $21,800


    ($20,300 + $12,500 $11,000)

    EC4-7 (p. 233) (Registro en el diario de las entradas de cierre y


    traspaso: 10 pts.)

    Service Revenue
    Clo.

    5,600 Bal.

    5,600

    Depreciation Expense
    Bal.
    700 Clo.
    700

    Sales and Marketing


    Expense
    Bal.
    2,40 Clo.
    2,400
    0
    Income Summary
    Clo.
    3,10 Clo.
    5,600
    0
    Bal.
    2,500

    E4-20 (p. 238) (Asientos de ajuste y de cierre: 8 pts.)

    Journal
    DATE

    ACCOUNTS AND EXPLANATIONS

    POST

    DEBIT

    CREDIT

    .
    REF.

    Dec
    .

    3
    1

    Closing Entries
    Service Revenue
    ($108,000 + $2,900)

    110,90
    0

    Income Summary
    3
    1

    Income Summary

    110,90
    0
    35,000

    Salary Expense($25,500 +
    $600)
    Supplies Expense
    Depreciation Expense
    Mobiliario
    Depreciation Expense Edificio
    3
    1

    3
    1

    26,100
    2,500
    900
    5,500

    Income Summary
    ($110,900 $35,000)
    C. Pipeline, Capital

    75,900

    C. Pipeline, Capital

    59,000

    75,900

    C. Pipeline, Withdrawals

    59,000

    C. Pipeline, Capital
    Withdrawal
    s

    59,000 Net
    income
    Balance

    46,000
    75,900
    62,900

    EC4-21 (p. 239) (Post-closing Trial Balance: 10 pts.

    Data Link
    Postclosing Trial Balance
    September 30, 2011
    ACCOUNT
    DEBIT CREDIT
    Cash
    $
    3,700
    Accounts receivable
    3,900
    Prepaid rent
    1,200
    Supplies
    3,300
    Equipment
    32,400
    Accumulated depreciation
    $
    2,400
    Accounts payable
    5,400
    Salary payable
    500
    D. DArtagnon, capital
    36,20
    0
    Total
    $44,5 $44,50
    00
    0

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