Question: Part III: Prepares the closing entries and performs the Post-closing trial balance (30 points) Adjusted trial balance Cuenta (Account) Balance Cuentas por cobrar (accounts receivable)
Part III: Prepares the closing entries and performs the Post-closing trial balance (30 points)
Adjusted trial balance
| Cuenta (Account) | Balance |
| Cuentas por cobrar (accounts receivable) | 119,000 |
| Seguro prepagado (prepaid insurance) | 20,500 |
| Materiales (supplies) | 3,850 |
| Efectivo (cash) | 145,450 |
| Equipo (equipment) | 35,000 |
| Cuentas por pagar (accounts payable) | 45,000 |
| Notas por pagar (notes payable) | 42,800 |
| Ingreso no devengado (Unearned Revenue) | 45,000 |
| Juan del Pueblo, capital | 69,000 |
| Juan del Pueblo, retiros (drawings) | 20,000 |
| Ingresos devengados (fee earned) | 835,000 |
| Gastos de utilidades (utilities expense) | 24,500 |
| Gastos de salarios (salary expense) | 620,000 |
| Gastos de propaganda (advertising expense) | 3,500 |
| Gastos de renta (rent expense) | 45,000 |
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