At the end of the accounting period, Adams Companys general ledger contained the following adjusted balances: Required

At the end of the accounting period, Adams Company’s general ledger contained the following adjusted balances:

Required
1. Set up the preceding spreadsheet format. (The spreadsheet tips for ATC 3-9 also apply for this problem.)
2. Record the closing entries in the Closing Entries column of the spreadsheet.
3. Compute the Ending Trial Balanceamounts.

Transcribed Image Text:

Ending Trial Balance Cred it Adjusted Trial Balance Closing E ntries Debit Account Titles Cash Certificate of Deposit Interest Receivable Accounts Receivable Supplies Prepaid Rent Office Equipment Accum ul ated Depreciati on Accounts Payable Salaries Payable Uneaned Revermue Contributed Capital Retained Earmings Service Revenue Interest Revenue Salary Expense Rent Ex pense Utilities Expense Supplies Expense Depreciation Expense Operating Expense Deb it Credit Cred it Debit 1500 10000 250 12000 700 6000 9000 1000 2650 1500 2000 20000 38000 250 13500 6000 150 800 1000 4500 Totals 65400 65400