# 7) The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: (4) $33,200 6,000 48,000 27,050 65,800 9,350 2,200 70,500 41,770 22,400 1,835 Accounts receivable Prepaid insurance Land Accounts payable Notes payable Retained earnings Dividends Fees earned revenue Selling expenses Administrative expenses Miscellaneous expense

# 7) The following selected accounts and normal balances existed at year-end. Make the four journal entries required to close the books: (4) $33,200 6,000 48,000 27,050 65,800 9,350 2,200 70,500 41,770 22,400 1,835 Accounts receivable Prepaid insurance Land Accounts payable Notes payable Retained earnings Dividends Fees earned revenue Selling expenses Administrative expenses Miscellaneous expense

Name: # 7) The following selected accounts and normal balances existed at y
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Description: # 7) The following selected accounts and normal balances existed at year-end.Make the four journal entries required to close the books: (4)$33,2006,00048,00027,05065,8009,3502,20070,50041,77022,4001,835Accounts receivablePrepaid insuranceLandAccount

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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