Ensemble Theatre has journalized their adjusting entries and prepared their adjusted trial balance. Prepare the closing...

 

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Ensemble Theatre has journalized their adjusting entries and prepared their adjusted trial balance. Prepare the closing entries using the income summary account for the month of April and create the post-closing trial balance. Ensemble Theatre Adjusted Trial Balance April 30, 2021 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Unearned Revenue Bank Loan Nathaniel, Capital Nathaniel, Withdrawals Service Revenue Depreciation Expense Insurance Expense DR $6,690 $1,270 $1,330 $10,980 $680 $110 $240 CR $410 $1,220 $150 $1,230 $2,830 $12,010 $5,040 Interest Expense Office Supplies Expense Rent Expense Telephone Expense Total $150 $220 $940 $280 $22,890 $22,890 Ensemble Theatre has journalized their adjusting entries and prepared their adjusted trial balance. Prepare the closing entries using the income summary account for the month of April and create the post-closing trial balance. Ensemble Theatre Adjusted Trial Balance April 30, 2021 Account Titles Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Interest Payable Unearned Revenue Bank Loan Nathaniel, Capital Nathaniel, Withdrawals Service Revenue Depreciation Expense Insurance Expense DR $6,690 $1,270 $1,330 $10,980 $680 $110 $240 CR $410 $1,220 $150 $1,230 $2,830 $12,010 $5,040 Interest Expense Office Supplies Expense Rent Expense Telephone Expense Total $150 $220 $940 $280 $22,890 $22,890

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To prepare the closing entries for Ensemble Theatre for the month of April and create the postclosin... View the full answer