Unadjusted Trial Balance | |||||
Particulars | Debit | Credit | |||
Cash | $ 123,800.00 | ||||
Accounts Receivable | $ 26,100.00 | ||||
Prepaid Insurance | $ 16,000.00 | ||||
Supplies | $ 13,200.00 | ||||
Land | $ 168,000.00 | ||||
Accounts Payable | $ 8,500.00 | ||||
Deferred Revenue | $ 22,700.00 | ||||
Common Stock | $ 210,000.00 | ||||
Retained Earnings | $ 48,500.00 | ||||
Dividends | $ 4,800.00 | ||||
Service Revenue | $ 216,300.00 | ||||
Property Taxes | $ 10,500.00 | ||||
Salaries Expense | $ 143,600.00 | ||||
$ 506,000.00 | $ 506,000.00 |
Post Closing Trial Balance | |||||
Particulars | Debit | Credit | |||
Cash | $ 123,800.00 | ||||
Accounts Receivable | $ 26,100.00 | ||||
Prepaid Insurance | $ 16,000.00 | ||||
Supplies | $ 13,200.00 | ||||
Land | $ 168,000.00 | ||||
Accounts Payable | $ 8,500.00 | ||||
Deferred Revenue | $ 22,700.00 | ||||
Common Stock | $ 210,000.00 | ||||
Retained Earnings | $ 110,700.00 | ||||
Dividends | $ 4,800.00 | ||||
$ 351,900.00 | $ 351,900.00 |
Workings:
Journal Entries | |||||
Date | Particulars | Debit | Credit | ||
9-Jan | Accounts Receivable | $ 62,200.00 | |||
Cash | $ 154,100.00 | ||||
To Service Revenue | $ 216,300.00 | ||||
12-Feb | Cash | $ 53,500.00 | |||
To Accounts Receivable | $ 53,500.00 | ||||
25-Apr | Cash | $ 14,900.00 | |||
To Deferred Revenue | $ 14,900.00 | ||||
6-May | Supplies | $ 13,200.00 | |||
To Accounts Payable | $ 13,200.00 | ||||
15-Jul | Property Taxes | $ 10,500.00 | |||
To Cash | $ 10,500.00 | ||||
10-Sep | Accounts Payable | $ 13,400.00 | |||
To Cash | $ 13,400.00 | ||||
31-Oct | Salaries Expense | $ 143,600.00 | |||
To Cash | $ 143,600.00 | ||||
20-Nov | Cash | $ 47,000.00 | |||
To Common Stock | $ 47,000.00 | ||||
30-Dec | Dividends | $ 4,800.00 | |||
To Cash | $ 4,800.00 |
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3....
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. ruary 12 Collect on accounts receivable, $53,500. 3. April...
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3....
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3....
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3....
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
Required information The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500....
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Credits Debits $ 26,600 17,400 16,000 168,000 Accounts Cash Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $ 228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3. April...
The general ledger of Zips Storage at January 1, 2021, includes the following account balances: Accounts Credits Cash Debits $ 26,600 17,400 16,000 168,000 Accounts Receivable Prepaid Insurance Land Accounts Payable Deferred Revenue Common Stock Retained Earnings Totals $ 8,700 7,800 163,000 48,500 $228,000 $228,000 The following is a summary of the transactions for the year: 1. January 9 Provide storage services for cash, $154,100, and on account, $62,200. 2. February 12 Collect on accounts receivable, $53,500. 3. April 25...