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Review Test 2
Review Test 2
work sheet
deceber 31, 2020
d. 650 $ 650.00
c. 6100 c. 6100 c. 6100
b. 21600 $ 21,600.00
$ 31,525.00 $ 358,200.00 $ 358,200.00 $ 159,360.00 $ 141,175.00 $ 198,840.00 $ 217,025.00
$ 18,185.00 $ 18,185.00
$ 159,360.00 $ 159,360.00 $ 217,025.00 $ 217,025.00
2020 closing entries: debit credit
dec 31 plumbing revenue $ 41,050.00
income summary $ 41,050.00
to close revenue account to income summary
2021
jan 04 cash
accounts receivable
to record collection of accured revenue
$ 15,450.00
$ 15,450.00
$ 14,600.00
$ 14,600.00
$ 220.00
$ 220.00
$ 14,600.00
$ 14,600.00
$ 2,100.00
$ 2,100.00
$ 14,600.00
$ 14,600.00
$ 2,100.00
$ 2,100.00
$ 250.00
$ 250.00
$ 10,000.00
$ 10,000.00
$ 4,000.00
$ 4,000.00
$ 40.00
$ 40.00
$ 9,350.00
$ 9,350.00
$ 2,160.00
$ 2,160.00