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  • SAmpior Final 3 BSLM1A

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    Redge Jefferson Sampior
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    The document appears to be closing income and expense accounts and transferring balances to capital accounts for Moises Dondoyano Informacion Systems for the period ending December 31, 2019. It closes revenue and expense accounts, transferring a $917,000 profit to the capital account. It also records a $600,000 withdrawal from the capital account.

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    The document appears to be closing income and expense accounts and transferring balances to capital accounts for Moises Dondoyano Informacion Systems for the period ending December 31, 2019. It closes revenue and expense accounts, transferring a $917,000 profit to the capital account. It also records a $600,000 withdrawal from the capital account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views5 pages

    SAmpior Final 3 BSLM1A

    Uploaded by

    Redge Jefferson Sampior
    The document appears to be closing income and expense accounts and transferring balances to capital accounts for Moises Dondoyano Informacion Systems for the period ending December 31, 2019. It closes revenue and expense accounts, transferring a $917,000 profit to the capital account. It also records a $600,000 withdrawal from the capital account.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    To

    To

    To
    To close Income and Expense accounts

    Cons. Revenues 2,258,000


    Unearned Cons. Rev. 300,000
    salaries expense 889,000
    repairs expense 116,000
    miscellaneous expense 37,000
    depreciation expense equipment 123,000
    Depreciation expense - bulding 38,000
    Office supplies Expense 42,000
    Interest Revenue 396,000
    Income Summary 917,000
    2,558,000 2,558,000
    Profit

    To closs income salary to capital account


    Income Summary 917,000
    Moises, Capital 917,000

    To close withdrawal to capital account


    Capital 600,000
    Moises, Withdrawals 600,000
    consulting revenues
    Unearned Cons. Rev.
    salaries expense 889,000
    repairs expense 116,000
    miscellaneous expense 37,000
    depreciation expense equipment 123,000
    Depreciation expense - bulding 38,000
    Office supplies Expense 42,000
    Interest Revenue 396,000
    2,258,000
    300,000
    Moises Dondoyano Informatio Systems
    Post Closing Trial Balance
    Dec. 31, 2019
    Cash 45,000
    Notes receivable 36,000
    Accounts receivable 156,000
    office supplies 21,000
    land 300,000
    building 1,590,000
    accumulated depreciation building 292,000
    equipment 2,150,000
    accumulated depreciation equipment 735,000
    accounts payable 213,000
    Salaries payable 14,000
    dondoyano capital 1/1/19 2,972,000
    Totals 4,262,000 4,262,000

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