Prepare the closing entries and perform the Post-closing trial balance . Trial adjusted balance Account Balance Accounts
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Prepare the closing entries and perform the Post-closing trial balance .
Trial adjusted balance
Account | Balance |
Accounts receivable | 119,000 |
Prepaid insurance | 25,000 |
Materials (supplies) | 3,850 |
Cash | 140,450 |
Equipment | 35,500 |
Accounts payable | 45,000 |
Notes payable | 42,800 |
Unearned Revenue | 45,000 |
Juan del Pueblo, capital | 74,000 |
Juan del Pueblo, withdrawals (drawings) | 20,000 |
Fee earned | 830,000 |
Utilities expense | 24,500 |
Salary expenses | 620,500 |
Advertising expenses | 3,000 |
Rent expense | 45,000 |
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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