Question: QUESTION 1: Please specify out by credit & debit Macro Company has the following adjusted accounts and balances at June 30: Accounts Payable $ 320
QUESTION 1: Please specify out by credit & debit
Macro Company has the following adjusted accounts and balances at June 30:
| Accounts Payable | $ 320 |
|---|---|
| Accounts Receivable | 570 |
| Accumulated Amortization | 170 |
| Accumulated Depreciation | 270 |
| Amortization Expense | 40 |
| Cash | 1,040 |
| Common Stock | 400 |
| Deferred Revenue | 120 |
| Depreciation Expense | 60 |
| Equipment | 1,420 |
| Income Tax Expense | 130 |
| Income Tax Payable | 50 |
| Interest Expense | 200 |
| Notes Payable (long-term) | 1,320 |
| Office Expense | 840 |
| Prepaid Rent | 60 |
| Rent Expense | 420 |
| Retained Earnings | 140 |
| Salaries and Wages Expense | 680 |
| Sales Revenue | 3,620 |
| Software | 220 |
| Supplies | 730 |
Required:
Prepare an adjusted trial balance for Macro Company at June 30.

Question 2:
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Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.
| Accounts Payable | $ 610 |
|---|---|
| Accounts Receivable | 310 |
| Accumulated Depreciation | 910 |
| Cash | 310 |
| Common Stock | 210 |
| Deferred Revenue | 210 |
| Depreciation Expense | 310 |
| Equipment | 3,210 |
| Income Tax Expense | 310 |
| Interest Revenue | 110 |
| Notes Payable (long-term) | 210 |
| Notes Payable (short-term) | 510 |
| Prepaid Rent | 110 |
| Rent Expense | 410 |
| Retained Earnings | 1,510 |
| Salaries and Wages Expense | 2,210 |
| Service Revenue | 6,230 |
| Supplies | 510 |
| Supplies Expense | 210 |
| Travel Expense | 2,610 |
-a. Prepare an adjusted trial balance at September 30, 2021. 1-b. Is the Retained Earnings balance of $1,510 the amount that would be reported on the balance sheet as of September 30, 2021?


Question 3:
Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.
| Accounts Payable | $ 610 |
|---|---|
| Accounts Receivable | 310 |
| Accumulated Depreciation | 910 |
| Cash | 310 |
| Common Stock | 210 |
| Deferred Revenue | 210 |
| Depreciation Expense | 310 |
| Equipment | 3,210 |
| Income Tax Expense | 310 |
| Interest Revenue | 110 |
| Notes Payable (long-term) | 210 |
| Notes Payable (short-term) | 510 |
| Prepaid Rent | 110 |
| Rent Expense | 410 |
| Retained Earnings | 1,510 |
| Salaries and Wages Expense | 2,210 |
| Service Revenue | 6,230 |
| Supplies | 510 |
| Supplies Expense | 210 |
| Travel Expense | 2,610 |
- Prepare the closing entry required at September 30, 2021. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Question 4:
Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2021.
| Accounts Payable | $ 610 |
|---|---|
| Accounts Receivable | 310 |
| Accumulated Depreciation | 910 |
| Cash | 310 |
| Common Stock | 210 |
| Deferred Revenue | 210 |
| Depreciation Expense | 310 |
| Equipment | 3,210 |
| Income Tax Expense | 310 |
| Interest Revenue | 110 |
| Notes Payable (long-term) | 210 |
| Notes Payable (short-term) | 510 |
| Prepaid Rent | 110 |
| Rent Expense | 410 |
| Retained Earnings | 1,510 |
| Salaries and Wages Expense | 2,210 |
| Service Revenue | 6,230 |
| Supplies | 510 |
| Supplies Expense | 210 |
| Travel Expense | 2,610 |

Adjusted Trial Balance Prenare an adiusted trial balance at Sentember 30. 2021. Is the Retained Earnings balance of $1,510 the amount that would be reported on the balance sheet as of September 30 , 2021? \begin{tabular}{l} \hline Yes \\ \hline No \\ \hline \end{tabular} Record the closing entry required at September 30, 2021. Note: Enter debits before credits. 3. Prepare a post-closing trial balance at September 30, 2021
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