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The following is the Bravo Unlimited adjusted Trial Balance
The following is the Bravo Unlimited adjusted Trial Balance.
Bravo Unlimited
Adjusted Trial Balance
December 31, 2016
Account Title
Debit
Credit
Cash
$88,450
Accounts Receivable
331,860
Supplies
13,255
Prepaid Rent
10,500
Equipment
295,285
Accumulated Depreciation
$236,760
Accounts Payable
75,555
Wages Payable
14,000
Capital Stock
220,000
Retained Earnings
111,145
Service Revenue
900,105
Interest Income
1,500
Rent Expense
64,000
Wages Expense
541,260
Supplies Expense
42,520
Utilities Expense
8,595
Depreciation Expense
156,500
Interest Expense
6,840
_________
Totals
$1,559,065
$1,559,065
Prepare the general journal entry (without explanation) needed to close the revenue(s) for the year end. Use compound entries where required. If no entry is required then write "No Entry Required."
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