Service

Chat Now

The adjusted account balances of Yogi Company at December 31, 2021 are as follows: Account

The adjusted account balances of Yogi Company at December 31, 2021 are as follows: Account

The adjusted account balances of Yogi Company at December 31, 2021 are as follows:
Accounts receivable Notes receivable Prepaid Insurance Machinery Depreciation expense G. Yogi , drawings Promotion expense Rent expense Salary expense Insurance expense
Instructions
a) b) c)
$16,000 13,000 6,000
Bank overdraft $14,000 Accounts payable 6,000 Notes payable 10,000
50,000 Accumulated depreciation-7,000 machinery 16,000 4,500 Service revenue 29,000 600 Interest revenue 2,000 3,000 G. Yogi , capital 18,000 10,200 Unearned revenue 16,000 700 5111.000
Prepare closing entries for December 31, 2021. Determine the balance in G. Yogi's capital account after the entries have been posted. Prepare a post-closing trial balance at December 31, 2021.

Tripti 06-Dec-2019

Answer (UnSolved)

question Get solution