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Home / Questions / Roscoe has attempted to journalize the closing entries for Chandler, Inc. on this panel. He's no

Roscoe has attempted to journalize the closing entries for Chandler, Inc. on this panel. He's no

Roscoe has attempted to journalize the closing entries for Chandler, Inc. on this panel. Hes not sure if hes journalized th

ADJUSTED TRIAL BALANCE December 31, 2017 CREDIT ACCOUNT TITLE DEBIT 1 Cash 67,000.00 29,000.00 2 Accounts Receivable 3Prepaid

Roscoe has attempted to journalize the closing entries for Chandler, Inc. on this panel. He's not sure if he's journalized the entries correctly, and asks you to review them. You find that two of the entries are correct, but two are incorrect. Determine which entries are incorrect, and journalize all four of the closing entries for Chandler, Inc. as of Dec. 31 on the Journal panel. PAGE 25 JOURNAL ACCOUNTING EQUATION POST, REF DEBIT CREDIT LIABILITIES DATE DESCRIPTION ASSETS EQUITY Closing Entries Income Summary 294.800.00 Dec. 31 Fees Earned 185,600.00 1 3 Rent Revenue 92.00

Apr 04 2020 View more View Less

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