Reference no: EM132225364
Question - The following is the Bravo Unlimited adjusted Trial Balance.
Bravo Unlimited Adjusted Trial Balance December 31, 2016
Account Title Debit Credit
Cash $88,450
Accounts Receivable 331,860
Supplies 13,255
Prepaid Rent 10,500
Equipment 295,285
Accumulated Depreciation $236,760
Accounts Payable 75,555
Wages Payable 14,000
Capital Stock 220,000
Retained Earnings 111,145
Service Revenue 900,105
Interest Income 1,500
Rent Expense 64,000
Wages Expense 541,260
Supplies Expense 42,520
Utilities Expense 8,595
Depreciation Expense 156,500
Interest Expense 6,840
Totals $1,559,065 $1,559,065
Prepare the general journal entry (without explanation) needed to close the revenue(s) for the year end. Use compound entries where required. If no entry is required then write "No Entry Required."