The completed work sheet for Valerie Insurance Agency as of December 31 is presented in your Working

Question:

The completed work sheet for Valerie Insurance Agency as of December 31 is presented in your Working Papers or in CengageNow, along with the general ledger as of December 31 before adjustments.

Required

1. Write the name of the owner, M. Valerie, in the Capital and Drawing accounts.

2. Write the balances from the unadjusted trial balance in the general ledger.

3. Journalize and post the adjusting entries.

4. Journalize and post the closing entries in the correct order.

5. Prepare a post- closing trial balance.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:16 AM

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The completed work sheet for Valerie Insurance Agency as of December 31 is presented in your Working

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Valerie Insurance Agency Work Sheet For Year Ended December 31 20 x TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEBIT CREDIT DEBIT CREDIT Cash 753200 Office Supplies 31500 c 7500 Office Equipment 239800 Ac...View the full answer

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