As the bookkeeper for Yuvraj Cleaning Service,

• from the trial balance section of the worksheet on page 230, enter the beginning balance of each account before adjustments in your working papers,
• journalize and post adjusting entries,
• journalize and post closing entries, and
• from the ledger (after all posting is complete), prepare a post-closing trial balance at March 31, 20XX.

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Account Titles Cash Prepaid Insurance Cleaning Supplies Auto Accumulated Depreciation, Auto Accounts Payable B. Yuvraj, Capital B. Yuvraj, Withdrawals Cleaning Services Salaries Expense Telephone Expense Advertising Expense Gas Expense Insurance Expense Cleaning Supplies Expense Depreciation Expense, Auto Accrued Salaries Net Income Trial Balance Dr. 40000 A++ 52000 14400 - 272000 46000 144000 # Cr. 86000 444 22400 + 54000 468000 26400 HH 19600 +++ 16000 630400 630400 YUVRAJ CLEANING SERVICE WORKSHEET FOR THE MONTH ENDED MARCH 31, 20XX Adjustments Dr. (D) 16000 (A) 18000 H (B) 10000 (C) 15000 Cr. (A) 18000 +++ (B) 10000 (C) 15000 (D) 16000 59000 59000 Adjusted Trial Balance Dr. www 40000 ++ 34000 4400 272000 46000 160000 26400 H 19600 16000 18000 +H 10000 ++ 15000 661400 Cr. |||||| 101000 F+ 22400 ++++ 54000 468000 16000 661400 Income Statement Dr. Cr. 160000 26400 ++ 19600 16000 18000 H+ 10000 + 15000 468000 Balance Sheet Dr. 40000 + 34000 4400 272000 46000 265000 #H 203000 468000 468000 396400 468000 396400 Cr. 101000 +++ 22400 A++ 54000 16000 193400 203000 --- 396400 AND Account Titles Cash Prepaid Insurance Cleaning Supplies Auto Accumulated Depreciation, Auto Accounts Payable B. Yuvraj, Capital B. Yuvraj, Withdrawals Cleaning Services Salaries Expense Telephone Expense Advertising Expense Gas Expense Insurance Expense Cleaning Supplies Expense Depreciation Expense, Auto Accrued Salaries Net Income Trial Balance Dr. 40000 A++ 52000 14400 - 272000 46000 144000 # Cr. 86000 444 22400 + 54000 468000 26400 HH 19600 +++ 16000 630400 630400 YUVRAJ CLEANING SERVICE WORKSHEET FOR THE MONTH ENDED MARCH 31, 20XX Adjustments Dr. (D) 16000 (A) 18000 H (B) 10000 (C) 15000 Cr. (A) 18000 +++ (B) 10000 (C) 15000 (D) 16000 59000 59000 Adjusted Trial Balance Dr. www 40000 ++ 34000 4400 272000 46000 160000 26400 H 19600 16000 18000 +H 10000 ++ 15000 661400 Cr. |||||| 101000 F+ 22400 ++++ 54000 468000 16000 661400 Income Statement Dr. Cr. 160000 26400 ++ 19600 16000 18000 H+ 10000 + 15000 468000 Balance Sheet Dr. 40000 + 34000 4400 272000 46000 265000 #H 203000 468000 468000 396400 468000 396400 Cr. 101000 +++ 22400 A++ 54000 16000 193400 203000 --- 396400 AND

Answer rating: 100% (QA)

Beginning Balances Description Dr Cr Cash 40000 Prepaid Insurance 52000 Cleaning Supplies 14400 Auto ... View the full answer