Question

O Requirements 1. Complete the worksheet for San Jose Veterinary Hospital 2. Prepare the closing entries 3. Prepare a post-closing trial balance Print Done VOIKSILLE December 31, 2018 Unadjusted Trial Balance Adjustments income Statement Debit Credit Balan Debit Account Names Debit Credit Debit Credit Cash (1) S 500 33,500 9.700 1,300 9.000 29.000 (b) $ (a) 125 700 Adjusted Trial Balance Debit Credit 33,500 10.300 1,175 8,300 29.000 1.700 3.500 (C) 1700 3.500 330 330 (e) 1175 700 Accounts Receivable Office Supplies Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Utilities Payable Salaries Payable Uneamed Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Expense Salaries Expense Supplies Expense Utilities Expense Depreciation Expense Equipment Total 9.000 (d) 34,000 61,170 1,175 8,300 34.000 61.170 21.000 21.000 28.000 29 300 700 20.000 6,000 20.700 7.175 125 6.500 5.500 1.700 (c) 5 1.700 5.000 S 136.000 $ 136,000 $ 5,000 $ 139,475 $ 139,475

Answer 1

1.

balance sheet Debit Credit 33,500 10,300 1,175 8,300 29,000 Cash Accounts receivable Office supplies Prepaid rent Equipment Accumulated depreciation-Equipment Accounts payable Utilities payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Service revenue Rent expense Salaries expense Supplies expense Utilities expense Depreciation expense-Equipment Totals Net income or loss Adjusted trial balance Income statement | Debit Credit Debit Credit 33,500 10,300 1,175 8,300 29,000 1,700 3,500 330 1,175 8,300 34,000 61,170 21,000 29,300 29,300 20,700 20,700 7,175 7,175 125 6,500 6,500 1,700 1,700 139,475 139,475 36,200 29,300 6,900 36,200 36,200 1,700 3,500 330 1,175 8,300 34,000 61,170 21,000 125 6,900 110,175 110,175

2.

Date Credit Debit 29300 Dec. 31 Account title Service revenue Income summary (To close revenue account) 29300 Dec. 31 36,200 Income summary Rent expense Salaries expense Supplies expense Utilities expense Depreciation expense-Equipment (To close expense account) 20,700 7,175 125 6,500 1,700 Dec. 31 6,900 Retained earnings Income summary (36,200-29,300) (To close income summary account) 20,700 Dec. 31 21000 Retained earnings Dividends (To close dividend account) 21000

3.

Credit Cash Post closing trial balance Account title Debit 33,500 Accounts receivable 10,300 Office supplies 1,175 Prepaid rent 8,300 Equipment 29,000 Accumulated depreciation Equipment Accounts payable Utilities payable Salaries payable Unearned revenue Common stock Retained earnings (61,170-6,900-21,000) Totals 82,275 1,700 3,500 330 1,175 8,300 34,000 33,270 82,275