This March 31, 2022 adjusted trial balance for RJs Baseball Academy has been alphabetized as follows. Prepare
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This March 31, 2022 adjusted trial balance for RJ’s Baseball Academy has been alphabetized as follows. Prepare the closing entries and the post-closing trial balance for the company.
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Account Name Accounts Payable Accounts Receivable Accumulated Depreciation, Baseball Equipment Accumulated Depreciation, Building Baseball Equipment Building Cash Copyright Depreciation Expense, Baseball Equipment Depreciation Expense, Building Land Loan Payable Rent Earned R. J. Good, Capital R. J. Good, Withdrawals Salaries Expense Store Supplies Telephone Expense Training Fees Earned Utilities Expense Total Dr. $ 27,750 75,000 102,000 17,000 15,000 7,500 5,200 50,000 5,750 20,000 5,150 3,150 Cr. $ 40,700 53,750 20,500 55,000 5,000 100,050 65,500 7,000 $340,500 $340,500
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Beginning Balance Net Profit Withdrawals 100050 27650 5750 121950 Dat...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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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