Question

Question: Prepare a post closing trial balance with the information provided below. There is the t accounts, trial balance and the closing journal.

Thank you.

8:08 Done COMPREHNSIVE PROBLEM PART... The Part 1 Part 2 - T-accounts 3. Adiusted Trial Balance Cash SI 067.000 $206,700 Accounts Receivable S10.000 Prepaid Insurance $24,000 Inventory $10,000 ABC, Inc. Adjusted Trial Balance As of June 30 20XX S25.6081 $320,100 $24,000 S10,000 $22.000 $20,000 1.500 $2.000 Building $320,100 Equipment S106,700 Debit 914,692 10,000 22.000 R500 320.100 106.700 25. MIR S500 SI.RO 54.000 $120,100 S106,700 889.1 Accum Depr-Buildine Accum Depr-Equip S8891 8891 116,7 5914,6921 1.72 $889 $889 $8,500 Cash Accounts Receivable Land Prepaid Insurance $25,608 Inventory Building Equipment $25,608 Land Accumulated Depreciation - Building Accounts Payable Accumulated Depreciation - Equipment $106,700 Accounts Payable $10,000 Advanice Deposits Accrued Interest $116,700 Accrued Wages Note Payable Accrued Wages Common Stock $400 Dividends Service Revenue Consulting Revenue $400 Advertising Expense Utilities Expense Consulting Revenue R&M Expense $10.000 Wages Expense Interest Expense Insurance Expense S10,000 Cost of Goods Sold Depreciation Expense Wages Expense Total $4,000 $400 206,7 1,067,0 Advance Deposits Accrued Interest Note Payable $206,700 $500 $1,7231 500 20,0 10.0 S500 $206,700 S1.7231 Common Stock S1.007.000 Dividends 5500 Service Revenue $20,000 1,500 2.000 1.800 4.400 1.723 2.000 1.500 1.778 1.424.00 R331 $1,067,000 5500 $20,000 1 494 Advertising Expense $1,500 Utilities Expense $2,000 R&M Expense $1,800 $1,500 S2 (100) $1.00 $4,400 Interest Expense $1.723 Depreciation Expense S889 S889 Insurance Expense $2,000 COGS S1.500 $1,723 $1.778 $2,000 $1,500

Answer 1

Credit Post Trial Balance Account Titles Debit Cash $ 9,14,692 Accounts Receivable $ 10,000 Prepaid Insurance $ 22,000 Inventory $ 8,500 Building | $ 3,20,100 Equipment $ 1,06,700 Land $ 25,608 Accumulated Depreciation - Building Accumulated Depreciation - Equipment Accounts Payable Advance Deposits Accured Interest Accured Wages Notes payable Common Stock Retained earnings $ 14,07,600 $ 889 $ 889 $ 1,16,700 $ 500 $ 1,723 $ 400 $ 2,06,700 $ 10,67,000 $ 12,799 $ 14,07,600 13299-500