Business
Accounting
From the following accounts (not in order), prepare a post-closing

From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October

Question:

From the following accounts (not in order), prepare a post-closing trial balance for Winter Co. on October 31, 201X.

Transcribed Image Text:

$19,950 9,700 P. Winter, Capital P. Winter, Withdrawals Accounts Receivable Legal Supplies Office Equipment Repair Expense Salaries Expense 54,400 2,700 1,550 Legal Fees Earned Accounts Payable Cash $45,300 3,000 28,000 48,000 30,000

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 77% (18 reviews)

WINTER CO POSTCLOSING BALANCE OCTOBER 31201X Dr C...View the full answer

Answered By

PALASH JHANWAR

I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details. PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing

3.80+ 3+ Reviews 10+ Question Solved

Related Book For book-img-for-question

College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

See More Books

Question Posted: Apr 24, 2014 09:42 AM

See More Questions

Students also viewed these Accounting questions

The following is the pre closing trial balance for Allen University as of June 30, 2017. Additional information related to net assets and the statement of cash flows is also provided. Additional...
Prepare the Post Closing Trial Balance by considering all balances as normal. An accountant prepared the following post-closing trial balance: Rhombic Repairs Co. Post-Closing Trial Balance March 31,...
From the following accounts of Kurlz Salon, Inc., prepare the businesss statement of retained earnings for the year ended December 31, 2013: Retained Earnings Dividends Clo 95,000 Jan1 188,000 Mar 31...
Mexico discovers huge reserves of oil and starts exporting oil to the United States. Describe how this would affect the following. a. The nominal pesoU.S. dollar exchange rate. b. Mexican exports to...
Compute the following probabilities. 1. The gene in Exercise 37 has not mutated after ten divisions. What is the probability that it mutates by the 15th division? 2. The caterpillar in Exercise 40 is...
___________ refers to the categories of people based on physical characteristics such as skin color, dimensions of the face, and hair.
You run at $4 \mathrm{~m} / \mathrm{s}$ in the same direction as a river flowing at $2 \mathrm{~m} / \mathrm{s}$. This speed is enough to keep you chatting with your friend who is steering a slow...
Kiran Shah, the new controller of Ginarrbrik Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2012. His findings are as follows....
In a jurisdiction where assisted suicide is illegal, a terminally ill patient with no chance of recovery seeks assistance in ending their life. What legal and ethical considerations come into play,...
Ava maintains a full set of books of prime entry. a. State one advantage of maintaining purchases and sales journals. b. Complete the following table to name the business documents which Ava will use...
From the following posted T accounts, reconstruct the closing journal entries for July 31,201X. M. Fitzgerald, Capital Insurance Expense Withdrawals 1,700 5,000 (July 1) 250 Closing 250 1,000 Net...
From the adjustments section of a worksheet presented in Figure, prepare adjusting journal entries for the end ofJanuary. Adjustments Dr Cr repaid Rent Office Supplies Accumulated Depreciation,...
Air FranceKLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AFs financial statements and disclosure notes for the year...
What implementation problems may occur when using the State pattern?
Write a static method reverse() that takes an array of strings as its argument and returns a new array with the strings in reverse order. (Do not change the order of the strings in the argument...
Consider the static method duplicate() below. public static String duplicate(String s) { String t = s + s; return t; } What does the following code fragment do? String s = "Hello"; s = duplicate(s);...
Calendar. Write a program Calendar that takes two integer commandline arguments m and y and prints the monthly calendar for month m of year y, as in this example: % java Calendar 2 2009 February 2009...
Write a static method sqrt() that takes a double argument and returns the square root of that number. Use Newtons method (see PROGRAM 1.3.6) to compute the result.
The Lewis structure of nitric acid, HONO 2 , is a resonance hybrid. How important do you think thecontribution of the following structure is to the resonance hybrid? Explain. H-O=N :0: :O:
The water in tank A is at 270 F with quality of 10% and mass 1 lbm. It is connected to a piston/cylinder holding constant pressure of 40 psia initially with 1 lbm water at 700 F. The valve is opened,...
What attributes would you have in a table to describe a movie?
Given the following accounts, complete the table by inserting the appropriate number next to each individual transaction to indicate which account is debited and which account is credited. 1. Cash 2....
From the following trial balance of Halls Cleaners, prepare the following: Income statement Statement of owners equity Balance sheet HALLS CLEANERS TRIAL BALANCE JULY 31, 2013 Cr. r. 55000 69 200...
The following transactions occurred in the opening and operation of Billss Delivery Service of Charlottetown: 1. Bill OBrien opened the delivery service by investing $21,000 from his personal savings...
Orion Languages, Incorporated (OLI) offers conversational instruction in several languages. Customers can choose from three approaches: Group, Individual, or Intense. Group customers meet as a part...
Payroll is prepared for the month of January. Paychecks will be issued February 7. Annual salary information is as follows: Bryant, $36,000; Lennox, $40,000; Larkin, $26,000. Each employee...
What is Functional Dependency? steps to solve functional dependency? what will the functional dependency and keys for the above entity? 1. Entity name : Employee Attributes : SSN, Employee ID, Fname,...

Money Wise 2023 How To Build And Preserve Your Wealth 1st Edition - ISBN: 1803620307 - Free Book

Study smarter with the SolutionInn App