Identifying and journalizing closing entries

Author:

January 14th, 2018

Identifying and journalizing closing entriesGunther recorded the following transactions and year-end adjustments during 2012:Journal EntryAccounts and ExplanationsDebitCreditPrepaid rent8,000Cash8,000Prepaid the annual rent.Rent expense5,100Prepaid rent5,100Adjustment to record rent expense for the year.Cash4,200Unearned service revenue4,200Collected cash in advance of service revenue to be earned.Unearned service revenue4,700Service revenue4,700Adjustment to record revenue earned.Requirements1. Assuming that there were no other service revenue and rent expense transactions during 2012, journalize Gunther’s closing entries at the end of 2012.2. Open T-accounts for Service revenue and Rent expense. Post the closing entries to these accounts. What are their balances after closing?

Turn in your highest-quality paper
Get a qualified writer to help you with

“ Identifying and journalizing closing entries ”

Get high-quality paper

NEW! AI matching with writer

Calculate the price

Make an order in advance and get the best price

Type of paper

Academic level

Deadline

Pages (550 words)

$0.00

*Price with a welcome 15% discount applied.

Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.

We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.

How it works

Receive a 100% original paper that will pass Turnitin from a top essay writing service

step 1

Upload your instructions

Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.

step 2

Control the process

Once you place an order with our professional essay writing services, we will email you login details to your account. There, you'll communicate with the writer and support team and track the writer's progress.

step 3

Download your paper on time

As soon as your work is ready, we’ll notify you via email. You'll then be able to download it from your account and request a revision if needed. Please note that you can also rate the writer's work in your account.

Pro service tips

How to get the most out of your experience with Essay Fountain

One writer throughout the entire course

If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.

The same paper from different writers

You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."

Copy of sources used by the writer

Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.

Testimonials

See why 20k+ students have chosen us as their sole writing assistance provider

Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.

Professional Writing Engl-3311

Thank you

Customer 452919, March 2nd, 2023

English 101

Great work!!

Customer 452989, November 21st, 2021

Sociology

I want to thank the entire team. Please know that I am truly grateful for your service.

Customer 452919, November 11th, 2021

Psychology

Awesome work!

Customer 452521, June 27th, 2020

Sociology

Thank you for following the guidelines of the discussion essay. We are off to a great start.

Customer 452919, March 20th, 2024

Social Work and Human Services

Thank you for your assistance.

Customer 452919, March 28th, 2025

Business Studies

This is fantastic! Thank you so much for your hard work!

Customer 453131, November 16th, 2022

History

Thank you

Customer 452919, October 28th, 2024

Sociology

I enjoyed the writer's work. Please send the writer's ID. The paper was available ahead of the due date and numbered each question to ensure mee that it was covered. AWESOME WORK!

Customer 452919, April 20th, 2022

Computer science

Thank You

Customer 453099, August 28th, 2022

Political science

Great paper

Customer 452863, September 11th, 2021

Education

Great Job !!

Customer 453117, September 17th, 2022

11,595

Customer reviews in total

96%

Current satisfaction rate

3 pages

Average paper length

37%

Customers referred by a friend

OUR GIFT TO YOU

15% OFF your first order

Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.

Claim my 15% OFF Order in Chat