Question

Assignment 1 Accounting Cycle Project_ACCU 602 (Student Version) (2) QuSearch Sheet Formulas Data Review View Comments AutoSave OFF A sro Home Insert Draw Page Layout Arial 10 B I U E 119 x ✓ fix A A = Share E 490 = = Wrap Text A A DO E General - PZD - E Paste Merge & Center $ % 20 Conditional Format Formatting as Table Cell Styles Insert Delete Format Sort & Filter X Find & Select Ideas H K L M N O P Q R S TU REQUIREMENT #6: Prepare an Adjusted Trial Balance in the space below. Moonlight Bay Inn Adjusted Trial Balance January 31 Only enter accounts that have a balance. List accounts in order Debit Credit 29,600 5,750 230 15,000 35,000 100 15,000 Description (Account Name) Cash Prepaid Insurance Suppiles Land Inn-Building Accummualted Depreciation building Furniture Accummualted Depreciation Furniture Accounts Payable Guest Deposit for Room Note Payable Common Stock Room Rental Revenue Restuarnt Income Wage and Salary Expense Advertisment Exspense Dividends 125 950 490 30,000 60,000 8,790 6,600 9.350 450 600 Supplies exspense Deprication exspense Interest exspense Insurance exspense Utilities exspense Income tax exspense interest payable wages and Salary payable Utility Payable Income tax Payable 720 225 300 250 740 1.007 300 ,120 1 5 740 1,007 114,222 1 14,222 Journal Entries General Ledger Trial Balance Adjusting Entries Adjusted TB Financial Statements Closing Entries Post Closing Trial Balance Grading Rubric 0 + - Ready - + 99%
Ive done all the previous statements.

I need help on how to do the post-closing trial balance for this question. I've already done the previous statements.

Scenario:

Moonlight Bay Inn is incorporated on January 2, 2017, by its three owners, each of whom contributes $20,000 in cash in exchange for shares of stock in the business. In addition to the sale of stock, the following transactions are entered into during the month of January:

Requirement #10: Prepare a post-closing trial balance as of January 31 in the space below.

Answer 1

Post Closing Trial Balance
Account Titles	Debit	Credit
Cash	$           29,600
Cleaning Supplies	$                 230
Prepaid Insurance	$              5,750
Land	$           15,000
Inn Building	$           35,000
Accumulated Depreciation-Building		$                    100
Furniture	$           15,000
Accumulated Depreciation-Furniture		$                    125
Accounts Payable		$                    950
Interest Payable		$                    300
Wages and Salaries Payable		$                5,120
Income Tax Payable		$                1,007
Rent Received in Advance/Guest Deposit for Room		$                    490
Utilities Payable		$                    740
Notes payable		$              30,000
Common Stock		$              60,000
Retained Earnings		$                1,748
Total	$        1,00,580	$          1,00,580