Jaal ad nd n E4-2Joumalie the adosting and cloning eetries in Exercis.docx

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Jaal ad nd n E4-2Joumalie the adosting and cloning eetries in Exercise 4-1 a 2 C S E4-3) Set ap T-accounts for thowe accounts affected by the adjusting and closing entries in Es erne-1. Post the adiusting and closing eneries to the accounts denose adjostment amouncs by Ad cloung amounts b Clo and balances In Bal. Double underling the accounts with zero bai- ances after vou close them, and shoe the ending balance in each aceount Pmg adung and cng eetrser (Oy 2 Preparing a petciaing ri Asimr (O 2 E4-4Prepare the postclosing trial balance in Exereise 4-1 Pclmng al b522 From the following selected accounts that Higginbotham Catering Service reported in its 19X4, annual financial statements, prepare the entity's closing entries Ldenifing and oanalising E4-5 enre June 30, (Oy. 3 S 2,200 30.000 850 10,200 5.900 40,000 1,400 Interest espense . Accounts receivable $45,600 A Higginhotham, capital Service revenue Unearned revenues Salary expense Accumulated depreciation Supplies expense- Interest revenue Net incne S 96.100 1.350 Salary payalble 12.500 35,000 Rent expense.. 1,700 700 Supplies
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