FABM 1 EXERCISE:- Journal Entry- T-Accounts- Unadjusted Trial Balance- Adjusting Entries- Adjusted Trial Balance- Income Statement- Balance Sheet- Closing Entries- Post-Closing Trial Balance

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FABM 1 EXERCISE:- Journal Entry- T-Accounts- Unadjusted Trial Balance- Adjusting Entries- Adjusted Trial Balance- Income Statement- Balance Sheet- Closing Entries- Post-Closing Trial Balance​

mjPcontiga · Answer

Worksheet for Quarantino Hardware Store(Year Ended April 27, 2025)Btw Check (5) pictures below!Closing Entries1. Close RevenuesDebit Sales ₱22,100Credit Income Summary ₱22,1002. Close Sales Returns and AllowancesDebit Income Summary ₱120Credit Sales Returns and Allowances ₱1203. Close ExpensesDebit Income Summary ₱21,173Credit all expense accounts individually4. Close Income Summary to CapitalDebit Income Summary ₱10,243Credit S. Balmes, Capital ₱10,2435. Close DrawingDebit S. Balmes, Capital ₱508Credit S. Balmes, Drawing ₱508

Answered by mjPcontiga | 2025-04-26

FABM 1 EXERCISE:- Journal Entry- T-Accounts- Unadjusted Trial Balance- Adjusting Entries- Adjusted Trial Balance- Income Statement- Balance Sheet- Closing Entries- Post-Closing Trial Balance​

Answer (1)

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