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Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
Edition 22ISBN: 978-0077862275 Exercise 34
The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare the necessary closing entries from the available information at December 31. Identify which of the following accounts would be included in a post-closing trial balance.
_______ a. Accounts Receivable
_______ b. Salaries Expense
_______ c. Goodwill
_______ d. Land
_______ e. Income Tax Expense
_______ f. Salaries Payable
_______ a. Accounts Receivable
_______ b. Salaries Expense
_______ c. Goodwill
_______ d. Land
_______ e. Income Tax Expense
_______ f. Salaries Payable
Explanation
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Post-Concluding Accounts
A post-conclud...
Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta
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