Victoria Lee Company had the following adjusted trial balance. Instructions a. Prepare closing entries at June 30,
Question:
Instructions
a. Prepare closing entries at June 30, 2020.
b. Prepare a post-closing trial balance.
Transcribed Image Text:
Victoria Lee Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit $ 3,712 Cash Accounts Receivable 3,904 Supplies Accounts Payable 480 $ 1,382 Unearned Service Revenue 160 Owner's Capital Owner's Drawings 5,760 550 Service Revenue 4,300 Salaries and Wages Expense Miscellaneous Expense 1,260 256 1,900 Supplies Expense Salaries and Wages Payable 460 $12,062 $12,062
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a Service Revenue 4300 Income Summary 4300 Income Summary 3416 Salaries and Wages Expense 1260 Misce...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119411482
13th 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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