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Home / Questions / The adjusted trial balance for Yondel Company at December 31 2015 is presented below

The adjusted trial balance for Yondel Company at December 31 2015 is presented below

The adjusted trial balance for Yondel Company at December 31, 2015 is presented below:

 

 

Debit

Credit

Cash

$    8,000

 

Prepaid Rent

18,000

 

Land

415,000

 

Accounts Payable

 

$  10,000

Salaries Payable

 

14,000

Common Stock

 

250,000

Retained Earnings

 

64,000

Dividends

10,000

 

Service Revenue

 

350,000

Salaries Expense

190,000

 

Rent Expense

21,000

 

Utilities Expense

    26,000

_______

Totals

$688,000

$688,000

 

 

 

 

Prepare the closing entries for Yondel Company for the year ended December 31, 2015.

Jan 27 2020 View more View Less

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