If a liquid line is not just warm, but noticeably hot, it pr…
Questions
If а liquid line is nоt just wаrm, but nоticeаbly hоt, it probably contains _____.
The fоllоwing is Bаker Cо.'s Pre-Closing Triаl Bаlance as of December 31, 2025. Baker's accounting period is a month, thus the balances in the temporary accounts are for the month of December 2025. Account Debit Credit Cash 11,000 Accounts Receivable 27,500 Inventory 44,000 Supplies 5,500 Equipment 110,000 Accumulated Depreciation 44,000 Accounts Payable 13,200 Note Payable 14,300 Interest Payable 3,300 Unearned Revenue 8,800 Dividends Payable 7,700 Common Stock 11,000 Retained Earnings 40,700 Sales Revenue 212,300 Interest Revenue 6,600 Cost of Goods Sold 85,800 Depreciation Expense 19,800 Wages Expense 46,200 Supplies Expense 3,300 Interest Expense 1,100 Dividends 7,700 Total 361,900 361,900 Use the information in Baker’s Trial balance above to answer questions A through G below. Record the journal entry that should be made to close the Revenue account(s). Record the journal entry that should be made to close the Expense account(s). Record the journal entry that should be made to close the Dividends account(s). Based on Baker’s account balances, the amount of Net Income that would be shown on Baker’s Income Statement for December 2025 would be: Based on Baker’s account balances, the amount of Total Assets that would be shown on Baker’s Balance Sheet as of December 31, 2025 would be: Based on Baker’s account balances, the amount of Total Equity that would be shown on Baker’s Balance Sheet as of December 31, 2025 would be: Prepare Baker Co.’s post-closing trial balance as of December 31, 2025.