Dillan's Tailoring Services' adjusted trial balance on December 31, 2014, appears as follows: Required 1. Prepare closing
Question:
Required
1. Prepare closing entries.
2. Prepare a post-closing trial balance.
Transcribed Image Text:
No Account Debit Credit 10 Cash.... 125 Store supplies 128Prepaid insurance 167 Equipment 15,500 6,500 3,800 61,000 19,700 39,400 6,400 23,300 201 Accounts payabe 210 Wages payable 30 Vy Dillarn, capital 302 Vy Dillan, withdrawals 401 Sewing fees earned 612 Depreciation expense, equipment... . 623 Wages expense 637 Insurance expense. 640 Rent expense 651 Stoe supplies expense 690 Utilities expense 32,000 109,920 5,400 61,200 2,200 4,800 2,600 3,720 Totals $198,720 $198,720
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Part 1 2014 Closing entries Dec 31 Sewing Fees Earned 109920 Income Summary 109920 To close the rev...View the full answer
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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