Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as...

  

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Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Ivanhoe Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $10,100 112 Accounts Receivable 8,800 157 Equipment 16,100 158 Accumulated Depreciation-Equip. $7,100 201 Accounts Payable 4,100 208 Unearned Rent Revenue 1,900 301 Owner's Capital 45,300 306 Owner's Drawings 15,800 400 Service Revenue 65,000 429 Rent Revenue 6,600 711 Depreciation Expense 7,600 726 Salaries and Wages Expense 56,200 732 Utilities Expense 15,400 (Б) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Owner's Capital Date Explanation Debit Credit Bala July 31 July 31 July 31 Income Summary Date Explanation Debit Credit Bala July 31 July 31 Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Ivanhoe Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $10,100 112 Accounts Receivable 8,800 157 Equipment 16,100 158 Accumulated Depreciation-Equip. $7,100 201 Accounts Payable 4,100 208 Unearned Rent Revenue 1,900 301 Owner's Capital 45,300 306 Owner's Drawings 15,800 400 Service Revenue 65,000 429 Rent Revenue 6,600 711 Depreciation Expense 7,600 726 Salaries and Wages Expense 56,200 732 Utilities Expense 15,400 (Б) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Owner's Capital Date Explanation Debit Credit Bala July 31 July 31 July 31 Income Summary Date Explanation Debit Credit Bala July 31 July 31 Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Ivanhoe Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $10,100 112 Accounts Receivable 8,800 157 Equipment 16,100 158 Accumulated Depreciation-Equip. $7,100 201 Accounts Payable 4,100 208 Unearned Rent Revenue 1,900 301 Owner's Capital 45,300 306 Owner's Drawings 15,800 400 Service Revenue 65,000 429 Rent Revenue 6,600 711 Depreciation Expense 7,600 726 Salaries and Wages Expense 56,200 732 Utilities Expense 15,400 (Б) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Owner's Capital Date Explanation Debit Credit Bala July 31 July 31 July 31 Income Summary Date Explanation Debit Credit Bala July 31 July 31 Ivanhoe Company ended its fiscal year on July 31, 2020. The company's adjusted trial balance as of the end of its fiscal year is as follows. Ivanhoe Company Adjusted Trial Balance July 31, 2020 No. Account Titles Debit Credit 101 Cash $10,100 112 Accounts Receivable 8,800 157 Equipment 16,100 158 Accumulated Depreciation-Equip. $7,100 201 Accounts Payable 4,100 208 Unearned Rent Revenue 1,900 301 Owner's Capital 45,300 306 Owner's Drawings 15,800 400 Service Revenue 65,000 429 Rent Revenue 6,600 711 Depreciation Expense 7,600 726 Salaries and Wages Expense 56,200 732 Utilities Expense 15,400 (Б) Post to Owner's Capital and Income Summary accounts. (Post entries in the order of journal entries presented in the previous part. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Owner's Capital Date Explanation Debit Credit Bala July 31 July 31 July 31 Income Summary Date Explanation Debit Credit Bala July 31 July 31

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