On December 31, the ledger of Davis Company contained the following account balances:

All the accounts have normal balances. Journalize the closing entries. Use 11 as the general journal page number. (Note: if you want the accounts to be in alpha order, they need to be re-arranged.)

Question

On December 31, the ledger of Davis Company contained the following account balances:
  
All the accounts have normal balances. Journalize the closing entries. Use 11 as the general journal page number. (Note: if you want the accounts to be in alpha order, they need to be re-arranged.)

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The Answer of On December 31, the ledger of Davis Company contained the following account balances:
  
All the accounts have normal balances. Journalize the closing entries. Use 11 as the general journal page number. (Note: if you want the accounts to be in alpha order, they need to be re-arranged.)

On December 31, the Ledger of Davis Company Contained the Following