What is the difference between Accounts payable and Billspayable, Accounts receivable and Bills receivable?
What is the difference between Accounts payable and Billspayable, Accounts receivable and Bills receivable?
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I need the closing entriesplease
Accounts Receivable | $9,800.00 | |
Sales | $9,800.00 | |
Accounts Receivable | $8,600.00 | |
Sales | $8,600.00 | |
Inventory | $3,000.00 | |
Accounts Payable | $3,000.00 | |
Inventory | $2,400.00 | |
Accounts Payable | $2,400.00 | |
Cash | $4,000.00 | |
Accounts Receivable | $4,000.00 | |
Accounts Payable | $9,000.00 | |
Cash | $8,820.00 | |
Discount Received | $180.00 | |
Accounts Payable | $11,000.00 | |
Cash | $10,890.00 | |
Discount Received | $110.00 | |
Sales | $100.00 | |
Accounts Payable | $100.00 | |
Cash | $17,520.00 | |
Sales | $17,520.00 | |
Accounts Payable | $3,000.00 | |
Cash | $2,940.00 | |
Discount Received | $60.00 | |
Accounts Payable | $2,400.00 | |
Cash | $2,352.00 | |
Discount Received | $48.00 | |
Cash | $9,800.00 | |
Accounts Receivable | $9,800.00 | |
Cash | $8,600.00 | |
Accounts Receivable | $8,600.00 | |
Prepaid Rent | $6,000.00 | |
Cash | $6,000.00 | |
Accounts Receivable | $1,600.00 | |
Sales | $1,600.00 | |
Office Supplies | $500.00 | |
Cash | $500.00 | |
Retained Earnings | $900.00 | |
Dividends Payable | $900.00 | |
Dividends Payable | $900.00 | |
Cash | $900.00 | |
Cash | $120,000.00 | |
Note Payable | $120,000.00 | |
Inventory | $33,000.00 | |
Accounts Payable | $33,000.00 | |
Land | $15,000.00 | |
Common Stock | $10,000.00 | |
Paid In Capital in Excess of Par | $5,000.00 | |
Accounts Payable | $200.00 | |
Inventory | $200.00 | |
Accounts Receivable | $80,000.00 | |
Sales | $80,000.00 | |
Accounts Payable | $31,800.00 | |
Cash | $31,800.00 | |
Cash | $40,000.00 | |
Accounts Receivable | $40,000.00 | |
Less: Allowance for Doubtful Accounts | $1,300.00 | |
Accounts Receivable | $1,300.00 | |
Utilities Expense | $10,092.00 | |
Cash | $10,092.00 | |
Cash | $40,000.00 | |
Accounts Receivable | $40,000.00 | |
Accounts Payable | $7,500.00 | |
Cash | $7,500.00 | |
Note Payable | $110,000.00 | |
Interest Payable | $1,500.00 | |
Interest Expense | $4,500.00 | |
Cash | $116,000.00 | |
Net Payroll Expense | $45,500.00 | |
Cash | $45,500.00 | |
Utilities Expense | $1,250.00 | |
Accounts Payable | $1,250.00 | |
$640,762.00 | $640,762.00 | |
