Question

Required information PA4-1 Preparing a Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3, LO 4-5) [The following information applies to the questions displayed below.) 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, 2018 604 304 904 304 204 204 304 3,204 304 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes Payable (long-term) Notes Payable (short-term) Prepaid Rent Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Supplies Supplies Expense Travel Expense 104 204 504 104 404 1,504 2,204 6,212 504 204 2,604

Answer 1

TRAIL BALANCE
For the year ended September 30, 2018
	Debit ($)	Credit ($)
Accounts payable		604
Accounts receivables	304
Accumulated depreciation		904
Cash	304
Common stock		204
Deferred revenue		204
Depreciation expenses	304
Equipment	3,204
Income tax expenses	304
Interest revenue		104
Notes payable (Long-term)		204
Notes payable (Short-term)		504
Prepaid rent	104
Rent expenses	404
Retained earnings		1,504
Salaries & wages expenses	2,204
Service revenues		6,212
Supplies	504
Supplies expenses	204
Travel expenses	2,604
TOTAL	10,444	10,444