Question

Bridgeport Company
Worksheet (Partial)
For the Month Ended April 30, 2019

Adjusted Trial Balance

Cash10,000

Accounts Receivable8,080

Prepaid Rent2,500

Equipment22,700

Accumulated Depreciation—Equip.5,500

Notes Payable5,700

Accounts Payable5,500

Common Stock19,460

Retained Earnings8,100

Dividends3,400

Service Revenue15,000

Salaries and Wages Expense10,980

Rent Expense900

Depreciation Expense700

Interest Expense60

Interest Payable  60   

Totals59,320

Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

THIS IS WHAT I NEED HELP WITH!!! THANK YOU  
(1)   Apr. 30  
enter an account title for the first entry to close revenue account on April 30
enter a debit amount
enter a credit amount
enter an account title for the first entry to close revenue account on April 30
enter a debit amount
enter a credit amount
(To close revenue account)
(2)   Apr. 30  
enter an account title for the second entry to close expense accounts on April 30
enter a debit amount
enter a credit amount
enter an account title for the second entry to close expense accounts on April 30
enter a debit amount
enter a credit amount
enter an account title for the second entry to close expense accounts on April 30
enter a debit amount
enter a credit amount
enter an account title for the second entry to close expense accounts on April 30
enter a debit amount
enter a credit amount
enter an account title for the second entry to close expense accounts on April 30
enter a debit amount
enter a credit amount
(To close expense accounts)
(3)   Apr. 30  
enter an account title for the third entry to close net income or loss on April 30
enter a debit amount
enter a credit amount
enter an account title for the third entry to close net income or loss on April 30
enter a debit amount
enter a credit amount
(To close net income / (loss))
(4)   Apr. 30  
enter an account title for the fourth entry to close dividends on April 30
enter a debit amount
enter a credit amount
enter an account title for the fourth entry to close dividends on April 30
enter a debit amount
enter a credit amount
(To close dividends)

Answer 1

Date	Accounts and Explanation	Debit	Credit
Apr. 30	Service revenue	$15,000
	Income Summary		$15,000
	(To close revenue account)
Apr. 30	Income Summary	$12,640
	Salaries and Wages Expense		$10,980
	Rent Expense		$900
	Depreciation Expense		$700
	Interest Expense		$60
	(To close Expenses accounts)
Apr. 30	Income summary           [$15000 - $12,640]	$2,360
	Retained Earnings		$2,360
	(To close net Income / (loss))
Apr. 30	Retained Earnings	$3,400
	Dividends		$3,400
	(To close dividend)