Plevin Company ended its fiscal year on July 31, 2022 The companys adjusted trial balance as of the end of its fiscal year is shown as follows Instructions a Prepare the closing entries using page J15 b Post to the Retained Earnings and No 350 Income Summary accounts (Use the three column form ) c ...

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Financial Accounting 11th
Plevin Company ended its fiscal year on July 31, 2022.

Plevin Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of

Question:

Plevin Company ended its fiscal year on July 31, 2022. The company’s adjusted trial balance as of the end of its fiscal year is shown as follows:

Plevin Company Adjusted Trial Balance July 31, 2022 No. Account Debit Credit Titles Cash $ 9,840 101 112 Accounts 8,780 Receivable 157 Equipment 15,900 158 Accumulated $ 7,400 Depreciation- Equip. 201 Accounts 4,220 Payable 208 Unearned Rent 1,800

Instructions

a. Prepare the closing entries using page J15.

b. Post to the Retained Earnings and No. 350 Income Summary accounts. (Use the three-column form.)

c. Prepare a post-closing trial balance at July 31.

Transcribed Image Text:

Plevin Company Adjusted Trial Balance July 31, 2022 No. Account Debit Credit Titles Cash $ 9,840 101 112 Accounts 8,780 Receivable 157 Equipment 15,900 158 Accumulated $ 7,400 Depreciation- Equip. 201 Accounts 4,220 Payable 208 Unearned Rent 1,800

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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Oct 16, 2020 02:15 AM

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Plevin Company ended its fiscal year on July 31, 2022. The companys adjusted trial balance as of

Question:

Plevin Company Adjusted Trial Balance July 31, 2022 No. Account Debit Credit Titles Cash $ 9,840 101 112 Accounts 8,780 Receivable 157 Equipment 15,900 158 Accumulated $ 7,400 Depreciation- Equip. 201 Accounts 4,220 Payable 208 Unearned Rent 1,800

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a General Journal J15 Date Account Titles Ref Debit Credit July 31 Service Revenue 400 64000 Rent Re...View the full answer

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