Kay Magill Company had the following adjusted trial balance. Instructions a. Prepare closing entries at June 30,
Question:
Kay Magill Company had the following adjusted trial balance.
Instructions
a. Prepare closing entries at June 30, 2022.
b. Prepare a post-closing trial balance.
Transcribed Image Text:
Kay Magill Company Adjusted Trial Balance For the Year Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $ 3,712 Accounts Receivable 3,904 Supplies Accounts Payable 480 $ 1,556 Unearned Service Revenue 160 Common Stock 4,000 Retained Earnings 1,760 Dividends 628
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a Service Revenue 4300 Income Summary 4300 Income Summary 3500 Salaries and Wages Expense 1344 Misce...View the full answer
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Related Book For
Financial Accounting
ISBN: 9781119594598
11th 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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