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Required information CP4-1 Preparing an Adjusted Trial Balance, Closing Journal Entry, and Post-Closing Trial Balance [LO 4-3
JOV CLOSING ENTRIES POST CLOSING TRIAL BA... i Salaries and Wages Expense Sales Revenue Supplies 128,600 325,400 35, 100 3 CP
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Answer #1


Retained earnings:

= $99,790 + $325,400 - $10,490 - $6,290 - $164,100 - $128,600

= $115,710

Accounts Debit Credit
Accounts receivable $66,400 -
Equipment $90,600 -
Accumulated depreciation - $21,400
Cash $80,200 -
Supplies $35,100 -
Accounts payable - $39,000
Notes payable - $1,490
Common stock - $94,700
Retained earnings - $115,710
Total $272,300 $272,300
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