ACC 290 Week 5 Apply: Connect Assignment
ACC 290 Week 5 Apply: Connect Assignment
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ACC 290 Week 5 Apply: Connect Assignment
https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM
ACC 290 Week 5 Apply: Connect Assignment
Complete the Week 5 Assignment in Connect.
Note: You have only 1 attempt available to complete assignments
1
On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances:
|
|
|
|
|
|
|
101
|
Cash
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$
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30,200
|
|
|
|
111
|
Accounts Receivable
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|
16,100
|
|
|
|
121
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Supplies
|
|
2,300
|
|
|
|
131
|
Prepaid Rent
|
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38,900
|
|
|
|
141
|
Equipment
|
|
47,000
|
|
|
|
142
|
Accumulated Depreciation—Equip.
|
|
1,150
|
|
|
|
202
|
Accounts Payable
|
|
6,800
|
|
|
|
301
|
Emilio Gonzalez, Capital (12/1/2019)
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48,620
|
|
|
|
302
|
Emilio Gonzalez, Drawing
|
|
6,500
|
|
|
|
401
|
Fees Income
|
|
120,080
|
|
|
|
511
|
Advertising Expense
|
|
4,100
|
|
|
|
514
|
Depreciation Expense—Equip.
|
|
830
|
|
|
|
517
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Rent Expense
|
|
2,900
|
|
|
|
519
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Salaries Expense
|
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21,800
|
|
|
|
523
|
Utilities Expense
|
|
6,020
|
|
|
|
|
Required:
- Journalize the closing entries in the general journal.
- Post the closing entries to the general ledger accounts. Hint: Be sure to enter beginning balances.
Analyze:What is the balance of the Salaries Expense account after closing entries are posted?
ACC 290 Week 5 Apply: Connect Assignment
https://plus.google.com/u/0/108200033792883877670/posts/dWT4sDYbQKM
ACC 290 Week 5 Apply: Connect Assignment
Complete the Week 5 Assignment in Connect.
Note: You have only 1 attempt available to complet