The adjusted trial balance of Rockin Robbin Dance Company at April 30, 2018, follows: Requirements 1. Prepare
Question:
Requirements
1. Prepare Rockin Robbin's multi-step income statement for the year ended April 30, 2018.
2. Journalize Rockin Robbin's closing entries.
3. Prepare a post-closing trial balance as of April 30, 2018.
Transcribed Image Text:
ROCKIN ROBBIN DANCE COMPANY Adjusted Trial Balance April 30, 2018 Balance Account Title Debit Credit $ 4,400 Cash Accounts Receivable 38,000 Merchandise Inventory 17,800 Office Supplies 850 Furniture 39,900 $ 8,300 Accumulated Depreciation-Furniture Accounts Payable 14,100 Salaries Payable 1,000 Unearned Revenue 6,500 Notes Payable, long-term 12,000 Common Stock 5,000 Retained Earnings 36,150 Dividends 40,000 Sales Revenue 178,500 Cost of Goods Sold 83,700 Selling Expense 19,000 Administrative Expense 16,000 Interest Expense 1,900 $ 261,550 $ 261,550 Total
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Requirement 1 ROCKIN ROBBIN DANCE COMPANY Income Statement Year Ended April 30 2018 Net Sales Revenu...View the full answer
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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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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