Cooke NV has a fiscal year ending on September 30. Selected data from the September 30 worksheet are presented below.

Instructions

a. Prepare a complete worksheet.

b. Prepare a classified statement of financial position. €10,000 of the mortgage payable is due for payment in the next fiscal year.

c. Journalize the adjusting entries using the worksheet as a basis.

d. Journalize the closing entries using the worksheet as a basis.

e. Prepare a post-closing trial balance.

Transcribed Image Text:

Cooke NV Home Insert Page Layout Formulas Data Review Viow P18 A D E Cooke NV Worksheet For the Month Ended September 30, 2022 Trial Balance Adjusted Trial Balance 6. Account Titles Dr. Cr. Dr. Cr. Cash 37,400 37,400 8 Supplies 18,600 4,200 Prepaid Insurance 10 Land 31,900 3,900 80,000 80,000 11 Equipment 12 Accumulated Depreciation-Equipment 13 Accounts Payable 120,000 120,000 36,200 42,000 14,600 14,600 14 Unearned Service Revenue 2,700 700 15 Mortgage Payable 16 Share Capital-Ordinary 17 Retained Earnings, September 1, 2022 18 Dividends 50,000 50,000 108,700 109,700 1,000 14,000 14,000 19 Service Revenue 278,500 280,500 20 Salaries and Wages Expense 21 Maintenance and Repairs Expense 109,000 109,000 30,500 30,500 22 Advertising Expense 23 Utilities Expense 24 Property Tax Expense 25 Interest Expense 9,400 9,400 16,900 16,900 18,000 21,000 6,000 12,000 26 Totals 491,700 491,700 27 Insurance Expense 28,000 28 Supplies Expense 29 Interest Payable 30 Depreciation Expense 31 Property Taxes Payable 14,400 6,000 5,800 3,000 32 Totals 506,500 506,500