During the closing process what amount was

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During the closing process, what amount was transferred from the income summary account to the Capital account in the third closing entry (i.e., after
revenue and expense accounts have been closed to Income Summary)? What is the balance in the Capital account?
Edwards Company had the following adjusted trial balance Account Titles Debit Credit Cash $23,270 Accounts Receivable 16,830 Supplies 9,140 Equipment 40,800 Accumulated Depreciation $10,000 Accounts Payable 5,000 Deferred Rent Revenue 2,030 Capital 37,610 Drawing 13,400 Commission Revenue 64,600 Rent Revenue 7,500 Depreciation Expense 7,400 Utilities Expense 10,000 Supplies Expense 5,900 Total $126,740 $126,740 :
The president of Edwards Company has asked you to close the books (prepare and process the closing entries). Required: After the closing process has been completed, answer the following questions: What is the balance in the rent revenue account?
During the closing process, what amount was transferred from the income summary account to the Capital account in the third closing entry (i.e., after
revenue and expense accounts have been closed to Income Summary)? What is the balance in the Capital account?
(b) In the first closing entry, revenue accounts were closed to the Income Summary account, with a credit to the Income Summary account of $72,100. In the second closing entry, the expense accounts were closed to the Income Summary account, with a debit to the Income Summary account of $23,300.
(c) Capital has a balance before closing entries of $37,610. In the third closing entry, Capital is credited for the amount of net income of $48,800. In the fourth closing entry, Capital is debited for the amount of drawing, $13,400.
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