Worksheet data for Auburn Company are presented in E4.2.

Instructions
a. Journalize the closing entries at April 30.
b. Post the closing entries to Income Summary and Owner€™s Capital. Use T-accounts.
c. Prepare a post-closing trial balance at April 30.

E4.2

The adjusted trial balance columns of the worksheet for Auburn Company are as follows.

Transcribed Image Text:

Auburn Company Worksheet (partial) For the Month Ended April 30, 2020 Adjusted Trial Balance Income Statement Balance Sheet Cr. Cr. Cr. Account Titles Dr. Dr. Dr. Cash 10,000 Accounts Receivable 7,840 2,280 Prepaid Rent Equipment 23,050 Accumulated 4,900 Depreciation-Equip. Notes Payable Accounts Payable Owner's Capital Owner's Drawings 5,700 4,920 27,960 3,650 Service Revenue 15,590 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense Interest Payable 10,840 760 650 57 57 Totals 59,127 59,127