The following is a list of accounts and amounts reported for Rollcom, Inc , for the fiscal year ended September 30, 2015 The accounts have normal debit or credit balances Required 1 Prepare an adjusted trial balance at September 30, 2015 Is the Retained Earnings balance of $99,900 the amount that w...

Answer 1 here is adjusted trial balance at September 30 2015 Adjusted Trial Balance Account Debit Cr ...

The following is a list of accounts and amounts reported for Rollcom, Inc., for the fiscal year

Question:

The following is a list of accounts and amounts reported for Rollcom, Inc., for the fiscal year ended September 30, 2015. The accounts have normal debit or credit balances.

Accounts Payable Accounts Receivable Accumulated Depreciation Equipment Cash Common Stock Equipment Income

Required:
1. Prepare an adjusted trial balance at September 30, 2015. Is the Retained Earnings balance of $99,900 the amount that would be reported on the balance sheet as of September 30, 2015? TIP: The company did not declare a dividend during 2015 but it did earn net income.
2. Prepare the closing entry required at September 30, 2015.
3. Prepare a post-closing trial balance at September 30, 2015.

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