Closing entries soln

Closing entries soln - losing entries

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Unformatted text preview: losing entries http://www.perdisco.com/elms/qsam/html/qsam.aspx of 19 18/05/2008 12:32 AM Navigation map Additional information To answer this question you may need the following information: Background information Worksheet Original information Closing entries [feedback page] This is a feedback page. Please review this page carefully because later pages in this practice set may build on the feedback provided here. When you are ready, click continue . Saving your position. If you want to save this practice set where you are up to and come back to it at a later time, click the bookmark button on this page to save your position and be returned to your home page. To re-enter the practice set at this page at a later time, simply click the link that you originally clicked to access this practice set. Instructions for closing entries Record closing entries in the general journal. Post the closing entries from the general journal to the relevant ledger accounts Record the final closing balance of each ledger account in the Post-Closing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Post-Closing Balance row must still be filled out in order receive full marks. Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) are the correct answers, not your particular answers. Remember to enter all answers to the nearest whole dollar . Additional instructions Displaying selected journals and ledgers: Not all journals and ledgers will be displayed on every page. On this page you can access the general journal and all ledgers necessary to answer this question. There are several tabs representing different views of the journal and ledgers. The active tab by default is Show All, but you may also select General Journal to just view the general journal or select General Ledger to just view the general ledger accounts. If you fill in the journal or any ledger accounts and change the view on this page by selecting a different tab, the information that you have entered will remain in that journal or ledger and be displayed whenever you can see that journal or ledger. On this page, you will not be able to select the tabs for special journals and the subsidiary ledgers because you do not need to use them in this question. General journal: Please note that in the general journal, when you select accounts, you will select the account using a popup link. You cannot type directly into the field. For the general journal, in the Post ref. column you will need to correctly type the account number of the account you are posting to. General journal entries do NOT require a description of the journal entries....
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Closing entries soln - losing entries

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