The ADJUSTED Trial Balance of Rehearse Professionals for the year ended December 31, 2020, follows: Rehearse...
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The ADJUSTED Trial Balance of Rehearse Professionals for the year ended December 31, 2020, follows: Rehearse Professionals ADJUSTED Trial Balance December 31, 2020 Account Title Debit Credit Cash 15,000 1,400 Ofice supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Wages payable Uneamed service revenue 2,500 50,000 7,500 R.000 2,500 15,000 50,000 Capital Withdrawals 10,000 Repair service revenue Wages expense Rentexpense Depreciation expense Ofice supplies expense Advertising expense Insurance expense 100,000 60,000 24,000 7,500 4,000 5,000 3,600 183000 S Total 183,000 Required: Hased on the adjusted sccount halanoen listed above, complete the fellowing: 1 Journalize Clasing Entries 2 Post The Closing Eatrics to the T-Accounts 3 Prepare The Posl-Clase Trial Balance Remember: All sadjustments have already been made, and financial statements were already prepared by somcone che. The ADJUSTED Trial Balance of Rehearse Professionals for the year ended December 31, 2020, follows: Rehearse Professionals ADJUSTED Trial Balance December 31, 2020 Account Title Debit Credit Cash 15,000 1,400 Ofice supplies Prepaid insurance Equipment Accumulated depreciation-Equipment Accounts payable Wages payable Uneamed service revenue 2,500 50,000 7,500 R.000 2,500 15,000 50,000 Capital Withdrawals 10,000 Repair service revenue Wages expense Rentexpense Depreciation expense Ofice supplies expense Advertising expense Insurance expense 100,000 60,000 24,000 7,500 4,000 5,000 3,600 183000 S Total 183,000 Required: Hased on the adjusted sccount halanoen listed above, complete the fellowing: 1 Journalize Clasing Entries 2 Post The Closing Eatrics to the T-Accounts 3 Prepare The Posl-Clase Trial Balance Remember: All sadjustments have already been made, and financial statements were already prepared by somcone che.
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CLOSING ENTRY TACCOUNT DATE GENERAL JOURNAL DEBIT CREDIT INCOME SUMMARY ACCOUNT 31Dec Repair service ... View the full answer
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 9781119403999
5th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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