Journal entries,Ledger accounts,Trial balance income statements,balance sheet

May 23rd, 2016
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this document about Journal Entries,Ledger Account,Trial Balance,Income statements,Balance sheet..... exercise questions...

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Brief Exercise 4-5The ledger of Rios Company contains the following balances: Owners Capital $29,163;Owners Drawings $1,725; Service Revenue $51,296; Salaries and Wages Expense$25,117; and Supplies Expense $6,761.The closing entries are as follows:(1)Close revenue accounts.(2)Close expense accounts.(3)Close net income/(loss).(4)Close drawings.Post the closing entries in the order presented in the problem and use the numbers as areference.Salaries and Wages ExpenseSupplies ExpenseService RevenueOwners DrawingsIncome SummaryOwners CapitalExercise 4-9 (Part level Submission)The adjusted trial balance for Plevin Company.PLEVIN COMPANYAdjusted Trial BalanceJuly 31, 2014No.Account TitlesDebitCredit101Cash$8,833112Accounts Receivable157Equipment158Accumulated Depreciation-Equip.201Accounts Payable4,481208Unearned Rent Revenue1,768301Owners Capital306Owners Drawings400Service Revenue429Rent Revenue711Depreciation Expense726Salaries and Wages Expense55,821732Utilities Expense15,1199,36315,563$7,67444,12116,10863,8696,0217,127$127,934(a1)Prepare an income statement for the year.PLEVIN COMPANYIncome StatementFor the Year Ended July 31, 2014$127,934$$$$Exercise 4-11 (Part level Submission)Selected accounts for Heathers Salon are presented below. All June 30 postings arefrom closing entries.Salaries and Wages Expense6/103,

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