The writer is very fast, professional and responded to the review request fast also. Thank you.
Answer questions 22-23 please don’t understand the process and steps to get there.
The next two questions are based on the following information :`At the end of its first year of operations , after adjustments were properly recorded , Tolland Inc. had the following adjusted account balances :Prepaid Rent3, 000Accumulated Depreciation – Trucks6, 000Insurance Expense4, 0.00Interest Expense4, 0.00Supplies Expense8, 000Accounts Receivable39, 00 0Accounts Payable11, 000Unearned Revenue1, 0.00Service Revenue161, 000Prepaid Insurance2, 000Trucks66, 00.0Wages Expense28, 0006. 000Wages Payable6, 000Depreciation ExpenseDividends ( declared & paid by Tolland )3, 000Common Stock51, 00.0Interest Revenue*2, 000Cash5,000Each of these accounts has the normal debit or credit balance .In preparing the closing entries , the DEBIT to the Income Summary account to close expenses will be*22AL$ 114, 000B .$ 1 10, 000C .$ 1 17, 000D.$ 120, 000E .None of the aboveAfter all the necessary closing entries are made , the post- closing trial balance of Tolland, Inc . would have a CREDIT balance of23 .A$ 109, 000B .$ 238, 000C .$ 66, 000D.$ 1 15, 000None of the above
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more