1. On July 31, 2019 the balances of the accounts appearing in the ledger of Pedroni Interiors company a furniture wholesales, are as follows. Accumulated Depreciation - Building $365,000 Ray Zorzi - Capital Administrative Expenses Building Cash Cost of Merchandise Sold nterest Expense Merchandise Inventory Notes Payable $530,000 15,000 1,437,000 4,500 160,000 16,000 Store Supplies Expense Ray Zorzi - Drawing Sales 440,000 810,000 78,000 775,000 6,000 115,000 Sales tax Payable Selling Expense Store Supplies 21,500 100,000 nstructions: Prepare the July 31, 2019 closing entries for Pedroni Interiors Company
1. On July 31, 2019 the balances of the accounts appearing in the ledger of Pedroni Interiors company a furniture wholesales, are as follows. Accumulated Depreciation - Building $365,000 Ray Zorzi - Capital Administrative Expenses Building Cash Cost of Merchandise Sold nterest Expense Merchandise Inventory Notes Payable $530,000 15,000 1,437,000 4,500 160,000 16,000 Store Supplies Expense Ray Zorzi - Drawing Sales 440,000 810,000 78,000 775,000 6,000 115,000 Sales tax Payable Selling Expense Store Supplies 21,500 100,000 nstructions: Prepare the July 31, 2019 closing entries for Pedroni Interiors Company
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter3: Basic Accounting Systems: Accrual Basis
Section: Chapter Questions
Problem 5SEQ: The balance in the unearned rent account for Jones Co. as of December 31 is $1 ,20(). If Jones Co....
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