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Homework answers / question archive / This is a partial adjusted trial balance of Ramon Company
This is a partial adjusted trial balance of Ramon Company.
| RAMON COMPANY Adjusted Trial Balance January 31, 2017 |
||||
| Debit | Credit | |||
| Supplies | $700 | |||
| Prepaid Insurance | 1,560 | |||
| Salaries and Wages Payable | $1,060 | |||
| Unearned Service Revenue | 750 | |||
| Supplies Expense | 950 | |||
| Insurance Expense | 520 | |||
| Salaries and Wages Expense | 1,800 | |||
| Service Revenue | 4,000 | |||
Prepare the closing entries at January 31, 2017. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Jan. 31
(To close revenue account)
Jan. 31
(To close expense accounts)
Jan. 31
(To close net income / (loss))
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