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Homework answers / question archive / Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Swifty Corporation is provided below
Selected year-end account balances from the adjusted trial balance as of December 31, 2017, for Swifty Corporation is provided below.
DebitCreditAccounts Receivable $53,720
Dividends 19,460
Depreciation Expense 9,770
Equipment 157,470
Salaries and Wages Expense 67,410
Accounts Payable $39,220
Accumulated Depreciation—Equipment 84,950
Unearned Rent Revenue 16,950
Service Revenue 136,010
Rent Revenue 4,590
Rent Expense 2,660
Retained Earnings 45,730
Supplies Expense 1,040
(a)
Help Prepare closing entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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