The Flash Pan Company manufactures cooking products. On August 1, 2007, the company borrowed $125,000 from creditors. Semiannual interest payments of $7,500 are to be made to creditors beginning January 31, 2008. On July 1, 2007, the company purchased a 1-year insurance policy for $10,000 and...

I cannot find any examples about this question on my book or anywhere else Please help.~ The following list includes selected permanent account and all of the temporary accounts from the December 31, 2008, unadjusted trial balance of Emiko Co. a business owned by Kumi Emiko. Use these account...

I need to know what an adjusting entry, closing entry, and a post-closing trial balance look like. I will give you the figures of you need them.

The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2008, unadjusted trail balance of a corporation.Journalize the adjusting entries and closing entries.This corporation uses the perpetual inventory system. Merchandise inventory...

I don't quite understand how you incorporate the information into these accounts. For instance, you have Capital $9,000; Wage Expenses $8500; Service Revenue $1000; and Rent Expense $1600.