Cash $ 89,600 Accounts Receivable 64,000 Prepaid Insurance 10,400 Equipment 720,000 Accumulation Depreciation $ 168,000 Accounts Payable 18,400 Common Stock 325,600 Retained Earnings 138,000 Service Revenue 840,000 Miscellaneous Revenue 16,400 Salaries Expense 456,000 Rent Expense 65,600 Insurance Expense 14,400 Depreciation Expense 33,600 Income Tax Expense 102,400 Income Tax Payable 49,600 $1,556,000 $ 1,556,000 Prepare An Income Statement. Prepare Closing Entries In Journal Entry Form. After Purrfect Pet’s Closing Entries Are Posted, What Is The Balance In The Retained Earnings Account?

Cash $ 89,600 Accounts receivable 64,000 Prepaid insurance 10,400 Equipment 720,000 Accumulation depreciation $ 168,000 Accounts payable 18,400 Common stock 325,600 Retained earnings 138,000 Service revenue 840,000 Miscellaneous revenue 16,400 Salaries expense 456,000 Rent expense 65,600 Insurance expense 14,400 Depreciation expense 33,600 Income tax expense 102,400 Income tax payable 49,600 $1,556,000 $ 1,556,000 Prepare an income statement. Prepare closing entries in journal entry form. After Purrfect Pet’s closing entries are posted, what is the balance in the Retained Earnings account?

- November 14, 2022 - Edwin Tunner

Cash	$ 89,600
Accounts receivable	64,000
Prepaid insurance	10,400
Equipment	720,000
Accumulation depreciation		$ 168,000
Accounts payable		18,400
Common stock		325,600
Retained earnings		138,000
Service revenue		840,000
Miscellaneous revenue		16,400
Salaries expense	456,000
Rent expense	65,600
Insurance expense	14,400
Depreciation expense	33,600
Income tax expense	102,400
Income tax payable		49,600
	$1,556,000	$ 1,556,000

Prepare an income statement.

Prepare closing entries in journal entry form.
After Purrfect Pet’s closing entries are posted, what is the balance in the Retained Earnings account?

Tired of numerous paper assignments?

Rely on us and receive professional paper writing assistance!

Order Now

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.