Chapter 4 week 2 E4-20

Chapter 4 week 2 E4-20 - Roland Poe, Capital Roland Poe,...

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E4-20   The accountant for Passport Photography has posted adjusting entries (a) through (e) to  the following selected accounts at December 31, 2008.       1. Journalize Passport Photography’s closing entries at December 31, 2008.     Passport Photography   Closing Entries   December 31, 2008     Date   Accounts   Debit   Credit   A       B     C   D   E     Dec 31     Dec 31           Dec 31     Dec 31   Services Revenue       Income Summary   Income Summary       Supplies expense       Depreciation expense-Furniture       Depreciation expense-Building       Salary expense   Income Summary ($111,000 – $41,000)       Roland Poe, Capital
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Unformatted text preview: Roland Poe, Capital Roland Poe, Withdrawals 111,000 41,000 70,000 61,000 111,000 2,000 6,100 6,000 26,900 70,000 61,000 2. Determine Roland Poes ending capital balance at December 31, 2008. Roland Poe, Capital Clo. 61,000 52,000 Clo 70,000 Bal. 61,000...
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This note was uploaded on 06/13/2011 for the course ACC 205 taught by Professor Robertcarr during the Spring '10 term at Ashford University.

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Chapter 4 week 2 E4-20 - Roland Poe, Capital Roland Poe,...

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