Ejercicios Resueltos De Contabilidad Exclusive ⟶ | HIGH-QUALITY |

The loan of $20,000 was not in the asset side? Cash includes it. The real issue: The trial balance above was inconsistent. Let’s rebuild correctly in a real exercise. 6. Exercise 5: Closing Entries Using the corrected Income Statement (Net Income = $10,100), close the temporary accounts.

Error: Forgot to include the initial capital of $50,000 in the trial balance? Actually, we started with cash from capital. Let’s adjust: ejercicios resueltos de contabilidad

A/P = $3,500 Salaries Payable = $900 Loan Payable = $20,000 Total Liabilities = $24,400 The loan of $20,000 was not in the asset side