The adjusted trial balance at June 30, 2023, for Altazs Electrical Co. follows. Prepare the four closing
Question:
The adjusted trial balance at June 30, 2023, for Altaz’s Electrical Co. follows. Prepare the four closing entries and the post-closing trial balance.
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Acct # Account Name 101 Cash 105 Accounts Receivable 106 Prepaid Rent 107 Office Equipment 108 120 121 Accumulated Depreciation, Electrical Equipment Accounts Payable 201 215 240 301 302 401 500 501 Accumulated Depreciation, Office Equipment Electrical Equipment 502 512 520 Salaries Payable Loan Payable A. Yeoman, Capital A. Yeoman, Withdrawals Electrical Fees Earned Depreciation Expense, Office Equipment Depreciation Expense, Electrical Equipment Salaries Expense Rent Expense Advertising Expense Dr. $ 7,550 14,000 6,000 4,500 73,500 7,500 500 11,000 Cr. $ 1,750 26,750 24,550 3,200 26,000 32,200 64,100 22,500 24,000 7,500 $178,550 $178,550
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Beginning Balance Net Loss Withdrawals 32200 1400 7500 23300 D...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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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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