Rio de Janeiro Company had the following adjusted trial balance. Instructions (a) Prepare closing entries at June
Question:
Instructions
(a) Prepare closing entries at June 30, 2011.
(b) Prepare a post-closing trialbalance.
Transcribed Image Text:
RIO DE JANEIRO COMPANY Adjusted Trial Balance For the Month Ended June 30, 2011 Adjusted Trial Balance Debits R$ 3.712 3.904 480 Account Titles Credits Cash Accounts Receivable Supplies Accounts Payable Unearned Revenu Share Capital-Ordinary Retained Earnings Dividends Service Revenue Salaries Expense Miscellaneous Expense Supplies Expense Salaries Payable R$ 1.792 160 5,000 760 300 4.064 1.344 256 2.228 448 R$12.224 R$12.224
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Related Book For
Financial accounting
ISBN: 978-1118285909
IFRS Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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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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