The ledger of Blossom Company contains the following balances: Owner's Capital $ 28,600, Owner's Drawings $ 2,200, Service Revenue $ 50,000, Salaries and Wages Expense $ 28,300, and Supplies Expense $ 6,400. The closing entries are as follows: (1) Close revenue accounts. (2) Close expense accounts. (3) Close net income/(loss). (4) Close drawings. Post the closing entries in the order presented in the problem and use the numbers as a reference.

Financial statements and closing entries   Instructions Chart of Accounts Labels and Amount Descriptions Income Statement Statement of Owner’s Equity Balance Sheet Journal Post-Closing Trial Balance         Instructions     Outreach Signals Company maintains and repairs warning lights, such as those found on radio towers and lighthouses. Outreach Signals Company prepared the following end-of-period spreadsheet at December 31, 20Y1, the end of the fiscal year:   Outreach Signals Company   End-of-Period Spreadsheet   For the Year Ended December 31, 20Y1   Unadjusted Trial Balance Adjustments Adjusted Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 20,500       20,500   Accounts Receivable 63,800   (a) 19,700   83,500   Prepaid Insurance 6,600     (b) 4,700 1,900   Supplies 4,700     (c) 3,540 1,160   Land 154,300       154,300   Building 787,000       787,000   Accumulated Depreciation-Building   402,000   (d)…

Prepare a post-closing trial balance.

The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000, Services Revenue $55,600, and Wages Expense $5,000. Adjustments are required for (a) prepaid rent expired $200; (b) accrued services revenue $900; and (c) accrued wages expense $700. Prepare a 10-column worksheet with six rows for the following accounts: Prepaid Rent, Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the unadjusted balances and the necessary adjustments on the work sheet and complete the work sheet for these accounts.

PLEASE PUT THE FOLLOWING STEPS IN THE ACCOUNTING CYCLE IN ORDER: GENERAL JOURNAL/GENERAL LEDGER/ 10 COLUMN WORKSHEET/STATEMENT OF PERFORMANCE/STATEMENT OF EQUITY/STATEMENT OF FINANCIAL POSITION/STATEMENT OF CASH FLOW/JOURNAL CLOSING ENTRIES AND POST CLOSING TRIAL BALANCE. PROBLEM: APRIL 1- PAID THE MONTHLY RENT 6,000 APRIL 3 - COLLECTED FROM J. MONTEFALCO OF 7,500 FOR SERVICES PRECVIOUS BILLED APRIL 5 - PAID WATER AND ELECTRIC BILL 1,750 APRIL 8 - BILLED ERIN TY 8, 500 FOR SERVICES RENDERRED APRIL 10 - PAID PLDT TELEPHONE BILL 1,050 APRIL 12 - R. VILLONDO PUT HER PERSONAL CAR WOTH 150,000 INTO THE BUSINESS APRIL 14 - PAID SALARY OF SECRETARY 4,500 APRIL 17 - RECEIVED A CHECK OF 8,500 FROM ERIN TY APRIL 19 - BILLED M. SEVILLA 15,000 FOR SERVICES RENDERRED APRIL 23 - PAID HIDALGO COMPANY 9,000 FOR ACCOUNT OF THE PREVIOUS MONTH APRIL 28 - PAID MISCELLANEOUS BILLS WORTH 650 APRIL 30 - WITHDREW 6,000 FROM THE BUSINESS FOR LIVING EXPENSES ADJUSTING ENTRIES APRIL 30 - RECEIVED CASH FROM…

The following revenue and expense account balances were taken from the ledger of Acorn Health Services Co. after the accounts had been adjusted on January 31, 20Y7, the end of the fiscal year Prepare an income statement.

Using the above additional information, prepare the adjusting entries that should be made by ScotsmanCompany on September 30.     Prepare the necessary closing entries based on the following selected accounts. Accumulated Depreciation ​$10,000Depreciation Expense​5,000McCoy, Capital​20,000McCoy, Drawing​12,000Salaries Expense​18,000Service Revenue​30,000

After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital $3,542,000 Kerry Buckner, Drawing 44,500 Fees Earned 1,243,000 Wages Expense 742,900 Rent Expense 65,400 Supplies Expense 13,400 Miscellaneous Expense 7,850   Required:   Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles.

Preparing closing entries from T-accounts Selected accounts for Kebby Photography at December 31, 2018, follow: Requirements Journalize Kebby Photography’s closing entries at December 31, 2018. Determine Kebby Photography’s ending Retained Earnings balance at December 31, 2018.

The following items are taken from the financial statements of the Freight Service for the year ending December 31, 2021: Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Cash Owner's capital (1/1/16) Owner's drawings Depreciation expense Insurance expense Note payable, due 6/30/17 Prepaid insurance (12-month policy) Rent expense Salaries & wages expense Service revenue Supplies Supplies expense Equipment O $44,000 O $14,000 $33.000 $19,000 13,000 26,000 21,200 15,000 104,000 11,000 12,000 3,800 72,000 $135,000 7,200 16,000 32,000 135,000 What is the company's net income for the year ending December 31, 2016? 5,000 6,000 210,000