Emil Skoda Company had the following adjusted trial balance. Instructions(a) Prepare closing entries at June 30, 2010.(b)
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Emil Skoda Company had the following adjusted trial balance.
Instructions(a) Prepare closing entries at June 30, 2010.(b) Prepare a post-closing trialbalance.
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EMIL SKODA COMPANY Adjusted Trial Balance for the Month Ended June 30, 2010 Adjusted Trial Balance Credits Account Titles Debits Cash Accounts Receivable $3.712 3,904 Supplies Accounts Payable 480 $1.792 Unearned Revenue 160 Emil Skoda, Capital Emil Skoda, Drawing 5,760 300 Service Revenue 4,064 Salaries Expense Miscellaneous Expense Supplies Expense Salaries Payable 1,344 256 2.228 448 $12,224 $12,224
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a Service Revenue 4064 Income Summary 4064 Income Sum...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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