Reference no: EM132847845
Question - Make the following entries in the general journal
1. At the closing of the accounts, the sales have a balance of $ 12,000.
2. The Camino Real company has a balance in its advertising expense account of $ 5,200 at the end of December and must be closed.
3. At the Pollo Real food company there was a salary expense of $ 13,000 on March 31 and the closing entries are being made.
4. Prendas Mías bought a computer for cash for $ 1,500.
5. Camino Real has a balance of $ 2,000 in the sales account at the end of the accounting cycle.
6. La Esquina store bought prepaid insurance on February 2 for $ 10,000.
7. The owner of Pollo Real made personal withdrawals for $ 3,000 during the month of April and the closing entries are being made.
8. Martínez Rental had a client who was offered a credit service for $ 1,800.
9. Jorge Román started a business with the name of Car Cleaning. After the adjustments in December 2020 the following balances were recorded in the ledger of each account.
Jorge Román, capital $ 180,000
Jorge Roman, drawing 2,500
Service fee 20,000
Salary expense 60,000
Rent expense 14,000
Supplies expense 12,500
Miscellaneous expense 5,000
10. The total of the income summary account at La Esquina is $ 25,000 in credit. Make the wage entry to bring the amount to the capital.
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