There are three general closing entries that must be made. Close all revenue and gain accounts All of Paul’s revenue or income accounts are debited and credited to the income summary account. This resets the income accounts to zero and prepares them for the next year. ...
求翻译:Post the closing entries from the general journal to the general ledger是什么意思?待解决 悬赏分:1 - 离问题结束还有 Post the closing entries from the general journal to the general ledger问题补充:匿名 2013-05-23 12:21:38 null 匿名 2013-05-23 12:23:18 开闭幕式条目从常规日志到...
Closing journal entries are an important part of the accounting process. You use closing entries at the end of your accounting period to zero the balances of all revenue, expense, and draw or dividend accounts. Your closing entries transfer the balances of those accounts to retained earnings or ...
The adjusting entries and the closing entries are recorded in general journal, not in special journal.A. 正确 B. 错误 如何将EXCEL生成题库手机刷题 如何制作自己的在线小题库 > 手机使用 分享 复制链接 新浪微博 分享QQ 微信扫一扫 微信内点击右上角“…”即可分享 反馈 收藏 举报参考答案: A ...
Closing Entries for Revenue Accounts Closing Entries for Revenue Accounts Closing Entries for Expense Accounts Net Income Since Income Summary has a $39,942 credit balance, the closing entry requires a debit to Income Summary. GENERAL JOURNAL Date Account Titles and Explanation P RDebit Credit Dec ...
Closing Entries Revenue, expense, and capital withdrawal (dividend) accounts are temporary accounts that are reset at the end of the accounting period so that they will have zero balances at the start of the next period. Closing entries are the journal entries used to transfer the balances ...
Closing entries are normally entered in the general journal and then posted to the work sheet. A. 正确 B. 错误 如何将EXCEL生成题库手机刷题 如何制作自己的在线小题库 > 手机使用 参考答案: B 复制 纠错 参考解析: 错误 AI解析 重新生成
Closing entries are made at the end of each accounting period to transfer the balances from the temporary accounts to the permanent accounts. The closing entries are different from the adjusting entries and regular journal entries. Answer and Explanation: 1 ...
000120,000120,000JT’sConsultingServicesWorksheetMonthEndedDecember31,2010FeesIncomehasacreditbalanceof$35,000.6-8FeesIncomeClosing35,000Balance35,000IncomeSummaryClosing35,000Step1:CloseRevenue6-9Thewords“ClosingEntries”arewrittenintheDescriptioncolumnofthegeneraljournal.GENERALJOURNALPAGE4DATEDESCRIPTION POST....
A closing entry is a journal entry made at the end of the accounting period, moving data from temporary to permanent accounts and resetting temporary balances to zero.