Requirements are closing entries, post closing entries, opening entries and reversing entries of the given data Cash

Requirements are closing entries, post closing entries, opening entries and reversing entries of the given data
   

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Cash Accounts receivables Purchases Utilty expense Supplies Equipment Licence and permits. Prepaid rent Freight in Owners capital Purchase returns Accounts payable Sales revenue Bank loan Notes payable Unearned revenue Purchase discount Prepaid advertising Furniture Computer Freight out Sales return and allowances Sales salaries expenses. Office salaries expenses Drawings Delivery van Sales discount Notes receivable Prepaid insurance. Cost of goods sold Inventory Rent expense Depreciation expense-equipment Accumulated depreciation equipment Supplies expense Advertising expense Depreciation expense-furniture Accumulated depreciation - furniture Interest expense Interest payable Depreciation expense-delivery van Accumulated depreciation - delivery van Interest receivable Interest revenue Insurance expense Rent revenue Bad debt expense Provison for bad debts Total Net income Total Unadjusted trial balance Debit Credit 19,700 44,000 119,200 20,500 1,250 48,000 1,260 45,000 2,400 10,000 40,000 75,000 3,120 11,700 24,000 33,000 22,000 850,000 2,030 26,000 24,000 75,000 8,500 835,500 290,560 200,000 8,000 4,000 600 Ween trading Worksheet As on June 30 Adjustments Debit Credit 2,000 10,900 15,000 1,025 1,000 5,000 330 20 7,000 15 2,000 1,410 1,000 15,000 5,000 2,000 1,025 330 2,030 26,000 22,000 10,900 10,900 (10,900) 15,000 1,025 20 7,000 15 Adjusted trial balance Debit Credit 2,000 19,700 44,000 119,200 20,500 250 48,000 1,260 30,000 2,400 5,000 40,000 75,000 3,120 11,700 24,000 33,000 22,000 850,000 1,000 5,000 330 20 7,000 15 2,000 1,410 75,000 8,500 835,500 290,560 200,000 8,000 2,000 600 1,025 330 20 7,000 15 2,000 Income statement Debit Credit 119,200 20,500 2,400 3,120 11,700 24,000 33.000 2,030 10,900 15,000 1,025 1,000 5,000 330 20 7,000 2,000 1,410 8,500 290,560 600 15 2,000 Balance sheet Debit 19,700 44,000 250 48,000 1,260 30,000 5,000 40,000 75,000 22,000 850,000 26,000 22,000 (10,900) 15 Credit 75,000 835,500 200,000 8,000 2,000 1,025 330 20 7,000 1,410 1,410 (1,410) 1,422,160 1,422,160 45,700 45,700 1,431,960 1,431,960 259,635 301,675 1,170,915 1,128,875 42,040 42,040 301,675 301,675 1,170,915 1,170,915 Cash Accounts receivables Purchases Utilty expense Supplies Equipment Licence and permits. Prepaid rent Freight in Owners capital Purchase returns Accounts payable Sales revenue Bank loan Notes payable Unearned revenue Purchase discount Prepaid advertising Furniture Computer Freight out Sales return and allowances Sales salaries expenses. Office salaries expenses Drawings Delivery van Sales discount Notes receivable Prepaid insurance. Cost of goods sold Inventory Rent expense Depreciation expense-equipment Accumulated depreciation equipment Supplies expense Advertising expense Depreciation expense-furniture Accumulated depreciation - furniture Interest expense Interest payable Depreciation expense-delivery van Accumulated depreciation - delivery van Interest receivable Interest revenue Insurance expense Rent revenue Bad debt expense Provison for bad debts Total Net income Total Unadjusted trial balance Debit Credit 19,700 44,000 119,200 20,500 1,250 48,000 1,260 45,000 2,400 10,000 40,000 75,000 3,120 11,700 24,000 33,000 22,000 850,000 2,030 26,000 24,000 75,000 8,500 835,500 290,560 200,000 8,000 4,000 600 Ween trading Worksheet As on June 30 Adjustments Debit Credit 2,000 10,900 15,000 1,025 1,000 5,000 330 20 7,000 15 2,000 1,410 1,000 15,000 5,000 2,000 1,025 330 2,030 26,000 22,000 10,900 10,900 (10,900) 15,000 1,025 20 7,000 15 Adjusted trial balance Debit Credit 2,000 19,700 44,000 119,200 20,500 250 48,000 1,260 30,000 2,400 5,000 40,000 75,000 3,120 11,700 24,000 33,000 22,000 850,000 1,000 5,000 330 20 7,000 15 2,000 1,410 75,000 8,500 835,500 290,560 200,000 8,000 2,000 600 1,025 330 20 7,000 15 2,000 Income statement Debit Credit 119,200 20,500 2,400 3,120 11,700 24,000 33.000 2,030 10,900 15,000 1,025 1,000 5,000 330 20 7,000 2,000 1,410 8,500 290,560 600 15 2,000 Balance sheet Debit 19,700 44,000 250 48,000 1,260 30,000 5,000 40,000 75,000 22,000 850,000 26,000 22,000 (10,900) 15 Credit 75,000 835,500 200,000 8,000 2,000 1,025 330 20 7,000 1,410 1,410 (1,410) 1,422,160 1,422,160 45,700 45,700 1,431,960 1,431,960 259,635 301,675 1,170,915 1,128,875 42,040 42,040 301,675 301,675 1,170,915 1,170,915

Answer rating: 100% (QA)

Answer iOpening entry means the entries passed out at the start of every period where all assets are debited and all liabilities and equity is credite... View the full answer