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1) Closing entry
| No | General Journal | Debit | Credit |
| Sales revenue | 328480 | ||
| Office expense | 6390 | ||
| Rent expense | 165100 | ||
| Salaries and wages expense | 129600 | ||
| Income tax expense | 10590 | ||
| Retained earnings | 16800 | ||
| (To record closing entries) | |||
2) Post closing trial balance
For the year ended September 30,2018
| Debit | Credit | |
| Cash | 81200 | |
| Account receivable | 67400 | |
| Supplies | 36100 | |
| Equipment | 91600 | |
| Accumulated depreciation | 22400 | |
| Account payable | 40000 | |
| Notes payable | 1590 | |
| Common Stock | 95700 | |
| Retained earnings | 116610 | |
| Total | 276300 | 276300 |
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Required information [The following information applies to the questions displayed below.] The following is a list...
[The following information applies to the questions displayed below.] The following is a list of accounts...
[The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165, 100 99,810...
Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance (LO...
Required information CP4-1 Preparing an Adjusted 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.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries...
The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal...
The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165, 100 99,810 129,600 328,480 36,100 es View transaction list Journal entry worksheet...
Required information [The following information applies to the questions displayed below) The following is a list...
Required information [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debitor credit balances, Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,204 99,900...
[The following information applies to the questions displayed below] The following is a list of accounts...
[The following information applies to the questions displayed below] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 201 The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,300 66,700 21,700 80,500 95,000 90,900 10,520 1,520 6,320 164,400 99,880 128,900 326,240...
Required information [The following information applies to the questions displayed below.) The following is a list...
Required information [The following information applies to the questions displayed below.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,200...
Required information [The following information applies to the questions displayed below] Starbooks Corporation pr...
Required information [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. Accounts Payable Accounts Receivable Accumulated Depreciation Cash $ 603 зе3 903 зе3 203 203 303 3,203 Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
PART 1 PART 2 PART 3 Required information [The following information applies to the questions displayed...
PART 1
PART 2
PART 3
Required information [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 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
all help appreciated Required information [The following information applies to the questions displayed below] Starbooks Corporation...
all help appreciated
Required information [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. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
! 13 Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial...
! 13 Required information CP4-1 Preparing an Adjusted 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.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debitor credit balances 26.51 1 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Incone Tax Expense Notes Payable (long-term) Office Expenses Rent Expense...
[The following information applies to the questions displayed below.] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165, 100 99,810...
Required information CP4-1 Preparing an Adjusted 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.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries...
The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 40,000 67,400 22,400 81,200 95,700 91,600 10,590 1,590 6,390 165, 100 99,810 129,600 328,480 36,100 es View transaction list Journal entry worksheet...
Required information [The following information applies to the questions displayed below) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018 The accounts have normal debitor credit balances, Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,204 99,900...
[The following information applies to the questions displayed below] The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 201 The accounts have normal debitor credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,300 66,700 21,700 80,500 95,000 90,900 10,520 1,520 6,320 164,400 99,880 128,900 326,240...
Required information [The following information applies to the questions displayed below.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debit or credit balances. Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Income Tax Expense Notes Payable (long-term) Office Expenses Rent Expense Retained Earnings Salaries and Wages Expense Sales Revenue Supplies $ 39,100 66,500 21,500 80,300 94,800 90,700 10,500 1,500 6,300 164,200...
Required information [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. Accounts Payable Accounts Receivable Accumulated Depreciation Cash $ 603 зе3 903 зе3 203 203 303 3,203 Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
PART 1
PART 2
PART 3
Required information [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 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
all help appreciated
Required information [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. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
! 13 Required information CP4-1 Preparing an Adjusted 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.) The following is a list of accounts and adjusted amounts for Rollcom, Inc., for the fiscal year ended September 30, 2018. The accounts have normal debitor credit balances 26.51 1 Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Equipment Incone Tax Expense Notes Payable (long-term) Office Expenses Rent Expense...
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