Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Bond Payable Mortgage Payable...
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Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Bond Payable Mortgage Payable Unearned Rent Sara Ricchi, Capital Sara Ricchi, Drawing Fees earned Interest Revenue Student Co. Adjusted Trial Balance June 30, 2022 Debit Balances Last 5 numbers of the FIRST student's ID number 6,400 3,600 3,900 20,000 232,600 Last 4 numbers of the SECOND student's ID number Credit Balances 132,700 Last 5 numbers of the FIRST student's ID number 1,400 20,000 1,100 105,600 232,200 Last 4 numbers of the SECOND student's ID number Wages Expense Rent Expense Utilities Expense Supplies Expense Depreciation Expense Insurance Expense Miscellaneous Expense Instructions: Page 2 of 2 126,300 45,000 19,700 17,900 6,500 5,700 5,400 1. Prepare an income statement for the year ended June 30. 2. Prepare statement of owner's equity for the year ended June 30. Additional investments were made during the year, 15,600. 3. Prepare a balance sheet as of June 30. 4. Prepare closing entries (and posting) 5. Prepare post-closing trial balance. Cash Accounts Receivable Supplies Prepaid Insurance Land Equipment Accumulated Depreciation Accounts Payable Bond Payable Mortgage Payable Unearned Rent Sara Ricchi, Capital Sara Ricchi, Drawing Fees earned Interest Revenue Student Co. Adjusted Trial Balance June 30, 2022 Debit Balances Last 5 numbers of the FIRST student's ID number 6,400 3,600 3,900 20,000 232,600 Last 4 numbers of the SECOND student's ID number Credit Balances 132,700 Last 5 numbers of the FIRST student's ID number 1,400 20,000 1,100 105,600 232,200 Last 4 numbers of the SECOND student's ID number Wages Expense Rent Expense Utilities Expense Supplies Expense Depreciation Expense Insurance Expense Miscellaneous Expense Instructions: Page 2 of 2 126,300 45,000 19,700 17,900 6,500 5,700 5,400 1. Prepare an income statement for the year ended June 30. 2. Prepare statement of owner's equity for the year ended June 30. Additional investments were made during the year, 15,600. 3. Prepare a balance sheet as of June 30. 4. Prepare closing entries (and posting) 5. Prepare post-closing trial balance.
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Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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