Question

At June 30, 2017, the end of its most recent fiscal year, Swifty Computer Consultants post-closing trial balance was as follU U TJUU TUI JUPPIJ. Visited client offices and agreed on the terms of a consulting project. Swifty will bill the client, ConEnter the July 1 balances in the ledger accounts. Cash Accounts Receivable Supplies Accounts Payable Unearned Service RevenueCommon Stock Retained Earnings

Only needs July 1 balances for the ledger accounts.

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Answer #1

Enter the July 1 balances in the ledger accounts

Cash
July 1 Bal. 6170
Accounts Receivable
July 1 Bal. 1420
Supplies
July 1 Bal. 810
Accounts Payable
July 1 Bal. 470
Unearned Service Revenue
July 1 Bal. 1320
Common Stock
July 1 Bal. 4200
Retained Earnings
July 1 Bal. 2410
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