Closing entries.pdf



&ORVLQJHQWULHV

Manual Accounting Practice Set Intermaweb Computer, Australasian Edition 3

Feedback: Closing entries This is a feedback page. Please review this page carefully because later pages in this practice set build on the feedback provided here. After you have reviewed your feedback page, click Continue at the bottom of this page to move on to the next page of your practice set.

Your progress

Your grading
$ZDUGHG 7RWDO 







í



3RLQWVRQWKLVSDJH 3RLQWVDIWHUWKLVSDJH 7RWDO

 



&RPSOHWHG

DSSUR[LPDWHO\

5HPDLQLQJSDJHVZLOOWDNH XSWRKRXUV The time frames we provide are a guide only. It may take you more or less time to complete each step.

In this stage of the accounting cycle, you are asked to record closing entries in the general journal and then post them to the general ledger accounts. This step must be completed to prepare the accounts for the next accounting period. Instructions for closing entries 1) Record closing entries in the general journal. Note that the business does not use a Cost of Sales account so all accounts that are used to calculate cost of sales need to be closed directly to the Profit and Loss Summary account. Remember that after performing a stocktake, the balance of inventory on hand as at 30 June is $63,076. 2) Post the closing entries from the general journal to the relevant general ledger accounts 3) Record the final closing balance of each ledger account in the Post­Closing Balance row of each ledger, even for ledgers with a balance of zero. Although each ledger already has a running balance, the Post­Closing Balance row must still be filled out in order receive full points. Back­On­Track functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Remember: Enter all answers to the nearest whole dollar. You are also required to apply the journals and ledgers instructions provided in previous weeks. Before pressing the Submit answers button, we recommend that you click the Show All tab and check that all relevant accounting records have been completed.

Show All Special Journals General Journal KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

Subsidiary Ledgers General Ledger





&ORVLQJHQWULHV

Show All Special Journals General Journal

Subsidiary Ledgers General Ledger

GENERAL JOURNAL 'DWH -XQ

3RVW 5HI

$FFRXQWDQG([SODQDWLRQ  3URILWDQG/RVV6XPPDU\

'HELW

&UHGLW

















 ,QYHQWRU\





6DOHV5HWXUQVDQG$OORZDQFHV











3XUFKDVHV











$GYHUWLVLQJ([SHQVH











:DJHV([SHQVH











5HQW([SHQVH











(OHFWULFLW\([SHQVH











:DWHU([SHQVH











,QVXUDQFH([SHQVH











2IILFH6XSSOLHV([SHQVH











6DODU\([SHQVH











'HSQ([SHQVH&DVK5HJLVWHUV











'HSQ([SHQVH6WRUH)L[WXUHV











,QWHUHVW([SHQVH











%DQN&KDUJHV











'LVFRXQW$OORZHG















 









 







-XQ

&ORVLQJHQWU\WRGHELWWKH3URILWDQG/RVV 6XPPDU\DFFRXQW 

 ,QYHQWRU\



 6DOHV5HYHQXH









 'LVFRXQW5HFHLYHG









 ,QWHUHVW5HYHQXH









 3XUFKDVH5HWXUQVDQG$OORZDQFHV













 3URILWDQG/RVV6XPPDU\















 









 

-XQ



















&ORVLQJHQWU\WRFUHGLWWKH3URILWDQG/RVV 6XPPDU\DFFRXQW  3URILWDQG/RVV6XPPDU\





  5HWDLQHG(DUQLQJV



 7RFORVHWKHEDODQFHRIWKH3URILWDQG/RVV 6XPPDU\DFFRXQW

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[



  



&ORVLQJHQWULHV

   Feedback

GENERAL JOURNAL 'DWH

$FFRXQWDQG([SODQDWLRQ

-XQ  6DOHV5HWXUQVDQG$OORZDQFHV -XQ  $5&3LNHD

3RVW 5HI

'HELW

&UHGLW







 





 



 VDOHVUHWXUQ





 



 





 





 





 

-XQ  $3&%LJ7HOFR -XQ  3XUFKDVH5HWXUQVDQG$OORZDQFHV 

 SXUFKDVHUHWXUQ





 



 





 

-XQ  'HSQ([SHQVH&DVK5HJLVWHUV





 

-XQ  $FFXP'HSQ&DVK5HJLVWHUV





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  'HSQ([SHQVH6WRUH)L[WXUHV





 

-XQ  $FFXP'HSQ6WRUH)L[WXUHV





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  (OHFWULFLW\([SHQVH





 

-XQ  (OHFWULFLW\3D\DEOH





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  :DWHU([SHQVH





 

-XQ  :DWHU3D\DEOH





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  :DJHV([SHQVH





 

-XQ  :DJHV3D\DEOH





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  ,QWHUHVW([SHQVH





 

-XQ  ,QWHUHVW3D\DEOH





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  ,QWHUHVW5HFHLYDEOH





 

-XQ  ,QWHUHVW5HYHQXH





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  2IILFH6XSSOLHV([SHQVH





 

-XQ  2IILFH6XSSOLHV





 





 



 DGMXVWLQJHQWU\

 KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[





&ORVLQJHQWULHV



 







-XQ  5HQW([SHQVH





 

-XQ  3UHSDLG5HQW





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  $GYHUWLVLQJ([SHQVH





 

-XQ  3UHSDLG$GYHUWLVLQJ





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  ,QVXUDQFH([SHQVH





 

-XQ  3UHSDLG,QVXUDQFH





 



 DGMXVWLQJHQWU\





 



 





 

-XQ  3URILWDQG/RVV6XPPDU\

 

 

-XQ  ,QYHQWRU\





 

-XQ  6DOHV5HWXUQVDQG$OORZDQFHV





 

-XQ  3XUFKDVHV





 

-XQ  $GYHUWLVLQJ([SHQVH





 

-XQ  :DJHV([SHQVH





 

-XQ  5HQW([SHQVH





 

-XQ  (OHFWULFLW\([SHQVH





 

-XQ  :DWHU([SHQVH





 

-XQ  ,QVXUDQFH([SHQVH





 

-XQ  2IILFH6XSSOLHV([SHQVH





 

-XQ  6DODU\([SHQVH





 

-XQ  'HSQ([SHQVH&DVK5HJLVWHUV





 

-XQ  'HSQ([SHQVH6WRUH)L[WXUHV





 

-XQ  ,QWHUHVW([SHQVH





 

-XQ  %DQN&KDUJHV





 

-XQ  'LVFRXQW$OORZHG





 



 &ORVLQJHQWU\WRGHELWWKH3URILWDQG/RVV6XPPDU\DFFRXQW





 



 





 

-XQ  ,QYHQWRU\





 

-XQ  6DOHV5HYHQXH





 

-XQ  'LVFRXQW5HFHLYHG





 

-XQ  ,QWHUHVW5HYHQXH





 

-XQ  3XUFKDVH5HWXUQVDQG$OORZDQFHV





 

-XQ  3URILWDQG/RVV6XPPDU\



  



 &ORVLQJHQWU\WRFUHGLWWKH3URILWDQG/RVV6XPPDU\DFFRXQW





 



 





 

-XQ  3URILWDQG/RVV6XPPDU\





 

-XQ  5HWDLQHG(DUQLQJV





 





 





 

7RFORVHWKHEDODQFHRIWKH3URILWDQG/RVV6XPPDU\ DFFRXQW







 

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[





&ORVLQJHQWULHV

(Q=912­120.Inventory_ClosingEntries)

GENERAL LEDGER Account: Inventory  Account No. 120

'DWH

'HVFULSWLRQ

5HI

'HELW 

&UHGLW



%DODQFH









'5 

0D\

 %DODQFH

-XQ

 LQYHQWRU\XVHG

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

  '5

  '5

   Feedback

Account: Inventory  Account No. 120

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







'5 

 &ORVLQJHQWU\RSHQLQJLQY

*-





 

-XQ

 &ORVLQJHQWU\HQGLQJLQY

*-





'5 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

'5 

(Q=912­301.RetainedProfits_ClosingEntries)

Account: Retained Earnings  Account No. 301

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH

&5 

0D\

 %DODQFH







-XQ

 7UDQVIHUIURP3URILWDQG/RVV6XPPDU\ *-





-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

  &5

  &5

   Feedback

Account: Retained Earnings  Account No. 301

'DWH

'HVFULSWLRQ

0D\  %DODQFH -XQ  7UDQVIHUIURP3URILWDQG/RVV6XPPDU\ -XQ  3RVW&ORVLQJ%DODQFH

5HI

'HELW

&UHGLW

%DODQFH









&5 

*-





&5  &5 

(Q=912­310.ProfitAndLossSummary_ClosingEntries)

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[





&ORVLQJHQWULHV

Account: Profit and Loss Summary  Account No. 310

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW







%DODQFH

 

0D\

 %DODQFH



-XQ

 &ORVLQJHQWU\WRGHELWWKH3URILWDQG/RVV6XPPDU\$FFRXQW *



  '5

-XQ

 &ORVLQJHQWU\WRFUHGLWWKH3URILWDQG/RVV6XPPDU\$FFRXQW * 

  &5

-XQ

 7UDQVIHUWR5HWDLQHG(DUQLQJV *-

-XQ

 3RVW&ORVLQJ%DODQFH





   

   Feedback

Account: Profit and Loss Summary  Account No. 310

'DWH

'HVFULSWLRQ

5HI

0D\  %DODQFH

'HELW



&UHGLW 

-XQ  &ORVLQJHQWU\WRGHELWWKH3URILWDQG/RVV6XPPDU\DFFRXQW

*- 

-XQ  &ORVLQJHQWU\WRFUHGLWWKH3URILWDQG/RVV6XPPDU\DFFRXQW

*-

-XQ  7UDQVIHUWR5HWDLQHG(DUQLQJV

*-



%DODQFH

 



 '5 

  

&5 



 

-XQ  3RVW&ORVLQJ%DODQFH

 

(Q=912­400.SalesRevenue_ClosingEntries)

Account: Sales Revenue  Account No. 400

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

6-





&5 

&5-





&5 





0D\

 %DODQFH

-XQ

 7RWDOIURPVDOHVMRXUQDO

-XQ

 7RWDOIURPFDVKUHFHLSWVMRXUQDO

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Sales Revenue  Account No. 400

'DWH

'HVFULSWLRQ

0D\

 %DODQFH

-XQ

 7RWDOIURPVDOHVMRXUQDO

-XQ

 7RWDOIURPFDVKUHFHLSWVMRXUQDO

-XQ

 &ORVLQJHQWU\

-XQ

 3RVW&ORVLQJ%DODQFH

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH









 

6-





&5 

&5-





&5 

*-





    



&ORVLQJHQWULHV

(Q=912­401.SalesReturnsAndAllowances_ClosingEntries)

Account: Sales Returns and Allowances  Account No. 401

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

*-





'5 





0D\

 %DODQFH

-XQ

 6DOHVUHWXUQIURP3LNHD

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Sales Returns and Allowances  Account No. 401

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 6DOHVUHWXUQIURP3LNHD

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­402.DiscountReceived_ClosingEntries)

Account: Discount Received  Account No. 402

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

&3-





&5 





0D\

 %DODQFH

-XQ

 7RWDOIURPFDVKSD\PHQWVMRXUQDO

-XQ

 &ORVLQJ(QUW\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Discount Received  Account No. 402

'DWH

'HVFULSWLRQ

0D\

 %DODQFH

-XQ

 7RWDOIURPFDVKSD\PHQWVMRXUQDO

-XQ

 &ORVLQJHQWU\

-XQ

 3RVW&ORVLQJ%DODQFH

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH









 

&3-





&5 

*-





   





&ORVLQJHQWULHV (Q=912­403.InterestRevenue_ClosingEntries)

Account: Interest Revenue  Account No. 403

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

&5-





&5 

*-





&5 





0D\

 %DODQFH

-XQ

 ,QWHUHVWUHFHLYHGIURPWKHEDQN

-XQ

 $FFUXHGLQWHUHVWUHYHQXH

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Interest Revenue  Account No. 403

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

&5-





&5 

 $FFUXHGLQWHUHVWUHYHQXH

*-





&5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 ,QWHUHVWUHFHLYHGIURPWKHEDQN

-XQ

 

(Q=912­500.Purchases_ClosingEntries)

Account: Purchases  Account No. 500

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

3-





'5 

&3-





'5 





0D\

 %DODQFH

-XQ

 7RWDOIURPSXUFKDVHVMRXUQDO

-XQ

 7RWDOIURPFDVKSD\PHQWVMRXUQDO

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Purchases  Account No. 500

'DWH

'HVFULSWLRQ

0D\

 %DODQFH

-XQ

 7RWDOIURPSXUFKDVHVMRXUQDO

-XQ

 7RWDOIURPFDVKSD\PHQWVMRXUQDO

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH









 

3-





'5 

&3-





'5  



&ORVLQJHQWULHV

-XQ

 &ORVLQJHQWU\

-XQ

 3RVW&ORVLQJ%DODQFH

*-





   

(Q=912­501.PurchaseReturnsAndAllowances_ClosingEntries)

Account: Purchase Returns and Allowances  Account No. 501

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





&5 





0D\

 %DODQFH

-XQ

 3XUFKDVHUHWXUQWR%LJ7HOFR

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Purchase Returns and Allowances  Account No. 501

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 3XUFKDVHUHWXUQWR%LJ7HOFR

*-





&5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­511.AdvertisingExpense_ClosingEntries)

Account: Advertising Expense  Account No. 511

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





'5 





0D\

 %DODQFH

-XQ

 %HQHILWVFRQVXPHG

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Advertising Expense  Account No. 511

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

 %HQHILWVFRQVXPHG

*-





'5 

 &ORVLQJHQWU\

*-





 

0D\

 %DODQFH

-XQ -XQ

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[





&ORVLQJHQWULHV

-XQ

 3RVW&ORVLQJ%DODQFH

 

(Q=912­516.WagesExpense_ClosingEntries)

Account: Wages Expense  Account No. 516

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

 3DLGVWDIIZDJHV

&3-





'5 

-XQ

 3DLGVWDIIZDJHV

&3-





'5 

-XQ

 $FFUXHGZDJHVH[SHQVH

*-





'5 

-XQ

 &ORVLQJ(QWU\

*-





-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

 

   Feedback

Account: Wages Expense  Account No. 516

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 3DLGVWDIIZDJHV

&3-





'5 

-XQ

 3DLGVWDIIZDJHV

&3-





'5 

-XQ

 $FFUXHGZDJHVH[SHQVH

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­540.RentExpense_ClosingEntries)

Account: Rent Expense  Account No. 540

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





'5 





0D\

 %DODQFH

-XQ

 5HQWH[SLUHG

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Rent Expense  Account No. 540 KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[





&ORVLQJHQWULHV

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

 5HQWH[SLUHG

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­541.ElectricityExpense_ClosingEntries)

Account: Electricity Expense  Account No. 541

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

*-





'5 





0D\

 %DODQFH

-XQ

 $FFUXHGHOHFWULFLW\H[SHQVH

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Electricity Expense  Account No. 541

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 $FFUXHGHOHFWULFLW\H[SHQVH

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­542.WaterExpense_ClosingEntries)

Account: Water Expense  Account No. 542

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





'5 





0D\

 %DODQFH

-XQ

 $FFUXHGZDWHUH[SHQVH

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Water Expense  Account No. 542

'DWH

'HVFULSWLRQ

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH

 



&ORVLQJHQWULHV







 

 $FFUXHGZDWHUH[SHQVH

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­543.InsuranceExpense_ClosingEntries)

Account: Insurance Expense  Account No. 543

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

*-





'5 





0D\

 %DODQFH

-XQ

 ,QVXUDQFHH[SLUHG

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Insurance Expense  Account No. 543

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 ,QVXUDQFHH[SLUHG

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­544.SuppliesExpense_ClosingEntries)

Account: Office Supplies Expense  Account No. 544

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





'5 





0D\

 %DODQFH

-XQ

 6XSSOLHVXVHG

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Office Supplies Expense  Account No. 544

'DWH

'HVFULSWLRQ

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH

 



&ORVLQJHQWULHV

0D\

 %DODQFH







 

-XQ

 6XSSOLHVXVHG

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

 

(Q=912­545.SalaryExpense_ClosingEntries)

Account: Salary Expense  Account No. 545

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

&3-





'5 





0D\

 %DODQFH

-XQ

 3DLGVDODU\

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Salary Expense  Account No. 545

'DWH

'HVFULSWLRQ

0D\

 %DODQFH

-XQ

 3DLGVDODU\

-XQ

 &ORVLQJHQWU\

-XQ

 3RVW&ORVLQJ%DODQFH

5HI

'HELW

&UHGLW



%DODQFH







 

&3-





'5 

*-





   

(Q=912­560.DepreciationExpenseCapitalAsset2_ClosingEntries)

Account: Depn Expense: Cash Registers  Account No. 560

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





'5 





0D\

 %DODQFH

-XQ

 'HSUHFLDWLRQRQHPRQWK

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Depn Expense: Cash Registers  Account No. 560

'DWH

'HVFULSWLRQ

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH

 



&ORVLQJHQWULHV

0D\

 %DODQFH







 

-XQ

 'HSUHFLDWLRQRQHPRQWK

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

 

(Q=912­561.DepreciationExpenseCapitalAsset1_ClosingEntries)

Account: Depn Expense: Store Fixtures  Account No. 561

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

*-





'5 





0D\

 %DODQFH

-XQ

 'HSUHFLDWLRQRQHPRQWK

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Depn Expense: Store Fixtures  Account No. 561

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 'HSUHFLDWLRQRQHPRQWK

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­571.InterestExpense_ClosingEntries)

Account: Interest Expense  Account No. 571

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

*-





'5 





0D\

 %DODQFH

-XQ

 $FFUXHGLQWHUHVWH[SHQVH

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Interest Expense  Account No. 571

'DWH

'HVFULSWLRQ

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH

 



&ORVLQJHQWULHV

0D\

 %DODQFH







 

-XQ

 $FFUXHGLQWHUHVWH[SHQVH

*-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

 

(Q=912­572.BankCharges_ClosingEntries)

Account: Bank Charges  Account No. 572

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

&3-





'5 





0D\

 %DODQFH

-XQ

 7UDQVDFWLRQIHH

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Bank Charges  Account No. 572

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW



%DODQFH







 

 7UDQVDFWLRQIHH

&3-





'5 

-XQ

 &ORVLQJHQWU\

*-





 

-XQ

 3RVW&ORVLQJ%DODQFH

0D\

 %DODQFH

-XQ

 

(Q=912­573.DiscountAllowed_ClosingEntries)

Account: Discount Allowed  Account No. 573

'DWH

'HVFULSWLRQ

5HI

'HELW

&UHGLW

%DODQFH









 

&5-





'5 





0D\

 %DODQFH

-XQ

 7RWDOIURPFDVKUHFHLSWVMRXUQDO

-XQ

 &ORVLQJ(QWU\

*-

-XQ







-XQ







-XQ

 3RVW&ORVLQJ%DODQFH

 

 

   Feedback

Account: Discount Allowed  Account No. 573

'DWH

'HVFULSWLRQ

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[

5HI

'HELW

&UHGLW

%DODQFH

 



&ORVLQJHQWULHV

0D\

 %DODQFH

-XQ

 7RWDOIURPFDVKUHFHLSWVMRXUQDO

-XQ

 &ORVLQJHQWU\

-XQ

 3RVW&ORVLQJ%DODQFH







 

&5-





'5 

*-





   

Manual Accounting Practice Set Intermaweb Computer, Australasian Edition 3 (VCA3q) © 2009 ­ 2014 Perdisco / latin /. v., learn thoroughly http://www.perdisco.com Terms Of Use |  Privacy Policy | Thursday, September 24, 2015, 01:26

KWWSZZZSHUGLVFRFRPHOPVTVDPKWPOTVDPDVS[