For the year-ended 2019, the Big Brain Games had the following adjusted trial balance.  A. Prepare the closing journal entries at year-end (12/31/2019). (Hint: Revenues and Gains are treated the same.) B. What is the balance of Retained Earnings after year-end close?

On December 31, 2019, M-zine Corp. prepared adjusting journal entries for the following items: Depreciation expense: $12,000 Used Rent: $7,000 that was initially recorded as a prepaid Accrued Sales Revenue: $40,000 If M-zine Corp reported total assets of $250,000 prior to the adjusting journal entries, what is total assets after the adjusting journal entries?

Burnett Co. purchased $5,600 of supplies on account.  This transaction would

Snippets is a lawn-service company that prepares annual financial statements.    What is the total ending liabilities balance for Snippets?

At 1/1/19, Mac & Mo Company’s retained earnings balance was $300,000. At 12/31/19, the retained earnings balance was $325,000. If Mac & Mo’s 2019 net income was $60,000, what other transaction needs to be accounted for to get the accounts to balance?

  Label 5

Prepare the adjusting journal entry, if necessary, for the transaction below for 12/31/2019 (year-end). On June 28th, Sunflower Suzy’s prepaid insurance expense for the period 7/1/19-6/30/20 in the amount of $12,000.

Veins with _____ valves have reverse or backward flow.

Snippets is a lawn-service company that prepares annual financial statements.     What is the “Mowing Equipment” or “X” balance on the adjusted trial balance at 12/31 (year-end). (Hint: Classify each account before completing the problems.)

  Label #1    Sagittal or Coronal