Accounting Problem....?

Question

The adjusted account balances of the far away firtness center at dec 31, 2006 are as follows:

ACCOUNT ADJUSTED TRAIL BAL.
Cash Db 10,000
Accounts Receivable, Db 26,000
Supplies Db 5,000
Prepaid Insurance Db 7,000
Land Db 20,000
Building Db 210,000
Accm. Depr., Building Cr 95,000
Equipment Db 60,000
Accm. Depr., Equip. Cr 25,000
Patents Db 12,000
Accounts Payable Cr 5,000
Wages Payable Cr 4,000
Notes payable Cr 15,000
far-away, capital Cr 190,000
far-away, drawing Db 13,000
service revenue Cr 102,000
intrest revenue Cr 13,000
utilities expense Db 10,000
salaries expense Db 32,000
supplies expense Db 12,000
insurance expense Db 3,000
depreciation expense, building Db 20,000
depreciation exp., equipment Db 9,000
totals Db 449,000 Cr449,000

Prepare end of the year General Journal closing entries for the fitness center. The fitness center made no additional owner investments during 2006 using this form:

description DR CR
Dec 31


Dec 31



Dec 31


Dec 31

Answer 1

Dec 31
Dr service revenue 102,000
Dr interest revenue 13,000
Cr Income summary 115,000

Dec 31
Dr Income summary 86,000
Cr utilities expense 10,000
Cr salaries expense 32,000
Cr supplies expense 12,000
Cr insurance expense 3,000
Cr depreciation expense, building 20,000
Cr depreciation exp., equipment 9,000

Dec 31
Dr Income summary 29,000
Cr Retained earnings 29,000

Dec 31
Dr far-away, capital 13,000
Cr far-away, drawing 13,000

Answer 2

CR expenses to income summary
Leave Balance Sheet accts as they are (Assets Liab)

Answer 3

Get in touch with an auditor.
If any member in this forum is an auditor, he may not help you too.

Answer 4

Have you contacted Facebook about the problem?

Answer 5

good luck, i took accounting I like 3 semesters ago lol you'll need it if you asking for help on this one.