Question

pter 4 Homework 3 of 4 (3 complete HW Score: 616 Ces Estate Aper daban Data Table X mber as shown ants and then cale of the account meline you on Adjusted Trial Balance June 30, 2018 noe of ash account has been one losed for anyone with a zem to lose out the count Post the Ince (Bal) on the last third Sne Balance Debit Credit 3 4.800 5 TO 1.800 2.700 12.350 81.000 Account Title Cash Accounts Receivable Ofice Suggles Prepaid Insurance Land Building Accumulated De-Buiding Accounts Payable Interest Payable Saares Payable Uneaed Revenue Notes Payable long-term Common Stock detained Earnings Dicends Service Revenue Insurance Expense Ses Expense Supplies Expense Interest Expense Utes Expense Depreciation Expense- Tota 20.300 19,500 2.000 1000 5.400 37 000 8.500 37.500 27 200 48.900 4.700 31.800 600 0.000 2.100 8.100 191 900 5 191.300 umber in the ing Print Done Clear All Check Answer 99

Answer 1

Closing entries

Estella Real Estate Appraisal Closing entries 31-Dec Service Revenue Income Summary $ 48,900 $ 48,900 $ 56,100 31-Dec Income Summary Insurance expense Salaries expense Supplies expense Interest expense Utilities expense Depreciation expense-Building $ 4,700 $ 31,600 $ 600 $ 9,000 $ 2,100 $ 8,100 $ 7,200 31-Dec Income Summary Retained Earnings $ 7,200 $ 27,200 31-Dec Retained Earnings Dividends $ 27,200

Estella Real Estate Appraisal T Accounts Date Debit Date Cash Adj Bal $ 4,800 Credit Date Date Credit Date Credit Debit Date Credit Accounts Receivable $ 5,700 Debit Date Office Supplies $ 1,600 Debit Date Prepaid Insurance $ 2,700 Adj Bal Adj Bal Adj Bal Bal. Bal. Bal. $ 4,800 Land $ 12,800 $ 5,700 Building $ 81,000 Bal. $ 1,600 Accumulated Depreciation-Building Adj Bal $ 26,300 $ 2,700 Accounts Payable Adj Bal Adj Bal Adj Bal $ 19,500 Bal. Bal. $ 26,300 $ 12,800 Interest Payable Adj Bal $ 81,000 Salaries Payable Adj Bal Bal. Unearned Revenue Adj Bal Bal. $ 19,500 Notes Payable (long term) Adj Bal $ 37,000 $ 9,000 $ 1,800 $ 5,400 $ 9,000 $ 1,800 Bal. Common Stock Adj Bal Bal. Retained Earnings 31-Dec $ 27,200 Adj Bal 31-Dec $ 7,200 Bal. $ 5,400 Dividends $ 27,200 31-Dec $ 27,200 Bal. $ 37,000 Income Summary 31-Dec $ 56,100 31-Dec $ 48,900 31-Dec $ 7,200 $ 6,500 $ 37,500 Adj Bal $ 6,500 Bal. Service revenue 31-Dec $ 48,900 Adj Bal Bal. $ 3,100 Bal. Insurance expense $ 4,700 31-Dec $ 4,700 Adj Bal $ Bal Salaries expense $ 31,600 31-Dec $ 31,600 Adj Bal $ Supplies expense $ 600 31-Dec $ $ 48,900 Adj Bal 600 Bal. $ - Bal. $ Bal. Interest expense $ 9,000 31-Dec $ 9,000 Adj Bal $ Bal. $ Utilities expense Depreciation expense-Building $ 2,100 31-Dec $ 2,100 Adj Bal $ 8,100 31-Dec $ 8,100 Adj Bal Bal. $ Bal. $ Bal. $